Stablecoin startups continue to rake in cash. The crypto company Bastion announced Wednesday that it had raised $14.6 million in a round led by Coinbase Ventures, the crypto exchange’s venture fund.
Bastion is a white label issuer of stablecoins, which are cryptocurrencies pegged to underlying assets like the U.S. dollar. Rather than hire lawyers to secure regulatory licenses and software developers to write code, companies hire Bastion to more easily spin up their own branded stablecoins.
