Flex Yang: The long-term goal of the stablecoin HOPE is to become an international lightweight settlement currency.

BlockBeats reported on March 29th that Flex Yang, the founder of Babel Finance, discussed the background and project vision of the stablecoin HOPE during an AMA live event. Yang mentioned that after the Babel Finance project ended, due to the increasingly intense geopolitical conflicts since 2022, the market's trust in sovereign currencies has decreased, resulting in a huge demand for non-US dollar international trade currencies. "The long-term market goal of the stablecoin HOPE is to become an international lightweight settlement currency, but in the early stages, HOPE aims to become a highly liquid collateral in the cryptocurrency market. We will create a complete exchange rate market and interest rate market for HOPE in the launch phase."