Basis: Basis Stablecoin Confirms Shutdown, Blaming 'Regulatory Constraints'

Basis, the most well-funded stablecoin startup, has confirmed that it is shutting down and returning all of its remaining funds to investors. The company realized that the regulatory landscape was too unfavorable to launch the project, according to an interview published today in Forbes. The startup's move to return funds to investors was first reported [...]The post Basis Stablecoin Confirms Shutdown, Blaming 'Regulatory Constraints' appeared first on Singapore News Huffe.