The distributed stablecoin project HOPE announced that it has selected Coinbase Custody as the first custodian service provider for the HOPE distributed reserve network. It aims to store user assets under a credible, secure, independent and regulated custody solution, and to ensure that the custody accounts are independent and not mixed. HOPE will adopt a distributed custody network to minimize the possibility of single point of failure, so that investors do not need to bear the risk of a centralized organization while their assets are protected by safe custody.