Venture Capital
The creation of a stable cryptocurrency is a challenge many blockchain startups are rising to, using various methodologies. The latest entrant is Saga, which just landed $30 million to fund the creation of a new, stable cryptocurrency — with a few tricks up its sleeve. The first thing that sets Saga apart from the crypto crowd is the nature of the investment. This was not an ICO or token generation event, but a traditional funding round that includes accredited investors, VCs, and hedge funds such as Mangrove Capital Partners, Lightspeed Venture Partners, The Singulariteam Technology Group, and Initial Capital.

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