The troubled crypto lending firm Babel Finance is working on a new plan to raise money through a crypto-backed stablecoin. The new stablecoin that is being proposed is called Babel Recovery Coin. The plan is for the coin to maintain a $1 price in the market through a system of trading incentives, and backing by bitcoin (BTC) and ethereum (ETH)....
Troubled Crypto Lender Babel Finance Eyes Restructuring with Stable Asset Project - How Does it Work?
Crypto News - 6 Mar 2023 22:32
The troubled crypto lending firm Babel Finance is working on a new plan to raise money through a crypto-backed stablecoin. The new stablecoin that is being proposed is called Babel Recovery Coin. The plan is for the coin to maintain a $1 price in the market through a system of trading incentives, and backing by bitcoin (BTC) and ethereum (ETH)....
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