TechFlow news, according to a Twitter post, an anonymous team has announced the relaunch of the Basis project, renaming it Basis Cash. Unlike the previous Basis, Basis Cash has no venture capital funding, no token sale, and no pre-sold tokens. Basis Cash claims to be built by a group of anonymous developers unafraid of the SEC. Basis was an early algorithmic stablecoin that previously raised $133 million in funding but was shut down due to regulatory risks associated with the SEC.
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