| Former CEO of Troubled Crypto Firm Creates New Stablecoin – How Does it Work? | | Flex Yang, the former CEO and founder of Babel Finance, has introduced a new decentralized stablecoin backed by crypto-native reserves and an entire DeFi ecosystem built around it. Yang claimed the Hope stablecoin blends centralized finance (CeFi), decentralized finance (DeFi) and traditional finance (TradFi) to deliver transparency and security that other so-called decentralized stablecoins lacked, he said in an interview with TechCrunch. ... Read More: Former CEO of Troubled Crypto Firm Creates New Stablecoin – How Does it Work? | | | |