Cryptocurrencies have been too volatile for mainstream use. Loans, salaries and other basic financial contracts are poorly served by volatile currency.<br />
Stable currency isn't available in much of the world. In many developing countries, the most stable currency available can devalue at a rate of 10% per year or more.<br />
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Basis is designed to maintain a stable value and serve as a medium of exchange accessible to anyone with an internet connection.
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