Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report

Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report Hong Kong-based crypto lender Babel Finance is planning on issuing a crypto-backed stablecoin in unison with a decentralized finance (DeFi) platform in an attempt to repay creditors following a $766 million loss last year.