Founder of the distributed stablecoin HOPE: The long-term goal of HOPE is to become an international light settlement currency

ChainCatcher news, Flex Yang, the former founder of PayPal Financial and the founder of the distributed stablecoin project HOPE, discussed the background and vision of the stablecoin HOPE during an AMA live event. Flex Yang mentioned that after the conclusion of the PayPal Financial project, based on the understanding of the increasingly intense geopolitical conflicts since 2022, the market's trust in sovereign currencies is declining. Therefore, there is a huge demand for non-U.S. dollar international trade currencies. "The long-term market goal of stablecoin HOPE is to become an international light settlement currency, but in the initial stage, HOPE's goal is to become a highly liquid collateral in the crypto market. We will create a complete exchange rate market and interest rate market for HOPE during the launch phase."