Former Babel Finance founder Flex Yang introduced HOPE's reserve mechanism and future plans in the Twitter Space AMA of the crypto-native distributed stablecoin project HOPE. He said that HOPE's reserve assets will adopt a distributed custody method, and several encrypted custody institutions will jointly ensure the security of funds, while ensuring the compliance and professionalism of the custody institutions while minimizing the risk of centralization. At the same time, the planning of the HOPE stablecoin is different from other stablecoins. In the early stage of development, the reserve price of HOPE will start from 0.5 US dollars. With the floating of BTC and ETH, the main purpose is to become an important margin to open up DeFi, CeFi, and TradFi. HopeSwap, the first application of the HOPE ecosystem, will be launched on the Ethereum mainnet in April. At that time, users will be able to obtain HOPE stablecoins on the chain, and obtain LT rewards by staking and providing liquidity. Afterwards, the usage scenarios of HOPE stablecoins will gradually expand to lending, derivatives transactions and synthetic assets, etc.