Hope.money has partnered with Cobo to expand its distributed reserve network.

BlockBeats News, August 4th - Hope.money, a distributed stablecoin project, announced a custody technology partnership with Cobo, a globally trusted leader in digital asset custody solutions. This partnership is an important milestone in the construction of Hope.money's distributed reserve network. Previously, Hope.money had chosen Coinbase Custody as its first digital asset custodian. This partnership also allows Hope.money to explore the possibility of incorporating stETH into its reserve pool. Under the custody of Cobo Argus, HOPE creators can stake ETH and receive stETH as a reserve asset for HOPE. This process allows users to enjoy the native yield of ETH while minting HOPE, reducing the opportunity cost of minting. The partnership with Cobo will ensure that all parties in the HOPE ecosystem receive greater benefits.