ChainCatcher news, June 12, the Asia Vision Forum was held in Singapore, where HOPE founder Flex Yang was invited to attend and delivered a speech and participated in a roundtable discussion on the themes of international currency competition, the shift of dollar dominance, and the internationalization of the renminbi.Flex stated that Crypto can become an important alternative for payment, reserves, and settlement, although we are still in the early stages, with active users being a minority compared to the global population. Just as in the past, sending emails required programming knowledge, but now we only need platforms like Gmail and Outlook to send and receive emails; we need to enhance the usability of Crypto to make it acceptable for everyone.The Asia Vision Forum lasted three days, gathering policymakers, business decision-makers, and academic researchers from different countries and regions to discuss prominent political and business issues from a global perspective. It was reported that Singapore's Deputy Prime Minister Lawrence Wong, former U.S. Treasury Secretary Lawrence Summers, Singapore's Minister for Trade and Industry Gan Kim Yong, Laos' Deputy Minister of Science and Technology Santisouk Simmalavong, and former German Vice Chancellor Philipp Rösler attended and discussed several international hot topics. (Source link)

ChainCatcher News, June 9, 2023, the Caixin Summer Summit was held in Hong Kong, with HOPE founder Flex Yang attending and speaking as the only representative of the cryptocurrency industry. Flex expressed his views on topics such as the RMB exchange rate, cryptocurrency custody in Hong Kong, and clearing and settlement. During the interactive session, Flex stated that practitioners in the cryptocurrency industry are like ancient herders, who moved according to water and grass, while we move according to policies. Hong Kong has the opportunity to become the capital of digital assets and the capital of cryptocurrency asset management. Practitioners need to embrace regulation and operate in compliance.After the meeting, Flex exchanged ideas and shared insights with guests including Ashley Alder, CEO of the Hong Kong Securities and Futures Commission, and Eddie Yue, CEO of the Hong Kong Monetary Authority.

ChainCatcher news, Flex Yang, the founder of the distributed stablecoin HOPE, attended the "Over the Moon---Riding the Wave of Web3" event and gave a keynote speech titled "Hong Kong's New Future, the Hope and Brightness of Web3." Flex Yang stated that HOPE's goal is to become a distributed stablecoin, focusing on unobstructed, open, transparent, and new experiences. "What we need to enhance is user experience. The question everyone in this industry should think about is not how much money to make, but how to provide a better experience for users."He added that distribution is reflected in three aspects: First, reserve distribution. The asset reserves related to HOPE will be entrusted to globally trusted institutions, including Coinbase, for custody. We will collaborate with local custodians in major regions around the world, which can meet local regulatory requirements while avoiding the centralization risks that come from overly concentrated assets.Second, the distribution system is distributed. HOPE will have many distributors, just like Bank of China, HSBC, and Standard Chartered can issue Hong Kong dollars. In the future, any qualified institution can set up a whitelist in the HOPE system to mint currency. Third, the multi-chain system. HOPE will initially be on Ethereum, but in the future, it hopes to expand to other blockchains to avoid single points of failure.In addition, Flex also announced that the trading protocol of the HOPE ecosystem, HopeSwap, along with other applications including DAO, will go live on the mainnet on April 19. Next, lending protocol HopeLend, on-chain custody, and clearing and settlement protocol HopeConnect will be launched, among others. "Just like the construction of Pudong New Area, DAO gives birth to one, one gives birth to two, two gives birth to three, and three gives birth to all things." (source link)

ChainCatcher news, former Babel Finance founder Flex Yang introduced the reserve mechanism and future plans of the crypto-native distributed stablecoin project HOPE during a Twitter Space AMA. He stated that HOPE's reserve assets will be managed in a distributed manner, with several crypto custody institutions jointly ensuring the safety of funds, minimizing centralization risks while ensuring the compliance and professionalism of the custody institutions.At the same time, the planning of the HOPE stablecoin differs from other stablecoins. In the early development stage, the reserve price of HOPE will start at $0.5 and will fluctuate with BTC and ETH, with the main goal of becoming an important margin that connects DeFi, CeFi, and TradFi. The first application of the HOPE ecosystem, HopeSwap, will launch on the Ethereum mainnet in April, allowing users to obtain HOPE stablecoins on-chain and earn LT rewards through staking and providing liquidity. Subsequently, the use cases for HOPE stablecoins will gradually expand to lending, derivatives trading, and synthetic assets.

ChainCatcher news, former PayPal Financial founder Flex Yang has launched a distributed stablecoin HOPE. The initial reserve assets of HOPE will include Bitcoin and Ethereum. The HOPE ecosystem includes four protocols: HopeSwap, HopeLend, HopeConnect, and HopeEcho, providing trading, lending, derivatives, and synthetic asset functions.In addition, the project will introduce an incentive and governance token LT (Light Token) to encourage users to participate in ecosystem applications and governance. (Source link)