The troubled crypto lending firm Babel Finance is working on a new plan to raise money through a crypto-backed stablecoin. The new stablecoin that is being proposed is called Babel Recovery Coin. The plan is for the coin to maintain a $1 price in the market through a system of trading incentives, and backing by bitcoin (BTC) and ethereum (ETH).... Read More: Troubled Crypto Lender Babel Finance Eyes Restructuring with Stable Asset Project – How Does it Work?
