Too Long; Didn't Read
Last week, a consortium of high profile investors piled $133 million dollars into <a href="https://app.mailtag.io/link-event-v2?mt__id=ad0de538-49bc-11e8-b02c-06bb91022798&mt__url=https%3A%2F%2Fwww.coindesk.com%2Fbain-lightspeed-back-first-ico-133-million-basis-funding%2F" target="_blank">Basis</a> (previously basecoin), a <a href="https://app.mailtag.io/link-event-v2?mt__id=ad0de678-49bc-11e8-82a6-06bb91022798&mt__url=https%3A%2F%2Fthemerkle.com%2Fwhat-is-a-stablecoin%2F" target="_blank">stable coin</a> startup and ICO project. This news is impressive because of the amount of money raised, caliber of investors, and their protocol leveraging an algorithmic token issuance process to ensure price stability.