NEW: Former Babel Finance CEO Flex Yang launched the HOPE stablecoin and its DeFi ecosystem, with lending, trading, and DEX applications scheduled to start in the coming weeks. By shauryamalwa.
Former Babel Finance CEO Flex Yang has released the HOPE stablecoin and a decentralized finance ecosystem linked to it, a representative told CoinDesk.
Yang stepped down from Babel Finance in October 2021 and announced a leadership transition in December 2021 to pursue personal projects in the crypto industry, one of which came to become Hope. On launch, HOPE will be supported by prominent investors as well as with investment from Yang. Later the stablecoin’s governance will be handed over to a decentralized autonomous organization .
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