Flex Yang: Stable currency HOPE stable reserve assets will be approximately 110% of the issued amount

On March 22nd, Flex Yang, the former founder of Babel Finance, stated in the AMA live broadcast that for reasons of trust, the stable reserve assets of stable currency HOPE will be approximately 110% of the circulation.

Interpretation of this information:

The message seems to be an announcement made by Flex Yang, the former founder of Babel Finance, during an AMA (Ask Me Anything) live broadcast on March 22nd. In his statement, Yang revealed that the stable reserve assets of stable currency HOPE will be about 110% of the circulation.

To provide some context, stablecoins are a type of cryptocurrency that aim to maintain a stable value by pegging their price to an external asset, such as the US dollar. The goal is to provide a more stable trading environment, addressing the volatility issues often associated with traditional cryptocurrencies like Bitcoin. Stablecoins have gained in popularity in recent years, with Tether (USDT) being the most widely used stablecoin.

HOPE appears to be a new stablecoin in development, and it seems that Yang is emphasizing the importance of trust by overcollateralizing the stable reserve assets. Essentially, overcollateralization means that more reserves are held than are necessary to maintain the stable value of the currency. This approach can potentially provide additional security and reassurance to holders, as it ensures that there are enough reserves to support the stablecoin even in the event of market fluctuations.

By stating that HOPE’s stable reserve assets will be approximately 110% of the circulation, Yang is suggesting that the team is committed to ensuring that the currency is well-supported and can maintain its stable value. This could be seen as a positive development for potential investors, as it demonstrates a focus on stability and reliability.

In summary, the message’s three keywords could be:

1. Stablecoin – indicating that the message is related to a type of cryptocurrency that aims to maintain a stable value.
2. Overcollateralization – emphasizing the importance of trust by holding more reserves than are strictly necessary to support the stablecoin.
3. HOPE – the particular stablecoin in question, which is apparently being developed and will have stable reserve assets at around 110% of circulation.