How Can Andreessen Horowitz Profit From its $15m Investment in a Stablecoin?

How Can Andreessen Horowitz Profit From its $15m Investment in a Stablecoin?


On September 25, CCN reported that prominent venture capital firm Andreessen Horowitz invested $15 million in a stablecoin network called Maker. Stablecoin is a cryptocurrency whose value remains stable by being hedged to the price of reserve currencies like the US dollar. Hence, Dai, the stablecoin of the Maker ecosystem, will always represent $1, regardless

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Posted by Joseph Young on October 1, 2018 @ https://www.ccn.com/how-can-andreessen-horowitz-profit-from-its-15m-investment-in-a-stablecoin/

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