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Babel pitches ‘Recovery Coin’ to repay creditors after $766 million Lloss

Babel pitches ‘Recovery Coin’ to repay creditors after $766 million Loss

Babel Finance plans to build out the DeFi project at the center of the restructuring, called Hope.

Hope’s namesake stablecoin will initially use Bitcoin and Ether as collateral, and maintain its value close to a dollar through arbitrage incentives for traders.

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