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Coinbase leads $14.6 million investment in stablecoin startup Bastion, founded by former a16z execs

Fortune•Wednesday, September 24, 2025 at 12:00:00 PM
PositiveFinancial Markets
Coinbase leads $14.6 million investment in stablecoin startup Bastion, founded by former a16z execs
Coinbase has taken a significant step in the cryptocurrency space by leading a $14.6 million investment in Bastion, a stablecoin startup founded by former executives from Andreessen Horowitz. This investment, which also saw participation from major players like Sony and Samsung's venture funds, highlights the growing interest and confidence in stablecoin technology. It matters because it not only strengthens Coinbase's position in the market but also signals a broader acceptance of innovative financial solutions in the crypto ecosystem.
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