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a16z Puts $16 Million Behind Stablecoin Platform MakerDao

Stablecoins are becoming big business these days. In a $15 million deal, Andreessen Horowitz’s a16z crypto fund is buying 6 percent of the total MakerDAO maker (MKR) token supply. The investment will give a16z a financial and governance stake in the dai stablecoin.A16z made the announcement today, September 24, 2018. MakerDAO also received $12 million […]
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