Hope.money collaborates with Cobo to expand the distributed reserve network

ChainCatcher news, the distributed stablecoin project Hope.money announced a partnership with Cobo, a globally trusted leader in digital asset custody solutions, to develop a custody technology solution. This collaboration marks an important milestone in the construction of Hope.money's distributed reserve network, which had previously selected 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 minters can stake ETH and receive stETH, which can serve as a reserve asset for HOPE. This process enables users to enjoy the native yield of ETH while minting HOPE, thereby reducing the opportunity cost of minting. The collaboration with Cobo will ensure that all parties in the HOPE ecosystem receive greater benefits.