a16z Puts $15 Million Behind Stablecoin Platform MakerDAO

n nn nn Stablecoins are becoming big business these days. In a $15 million deal, Andreessen Horowitzs 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 in a round led by Andreessen Horowitz and Polychain Capital in December 2017. A stablecoin is a token pegged

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