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

The firm's sole director is hoping to roll out a DeFi platform to begin paying back creditors.

Hong Kong-based crypto lender Babel Finance wants to roll out DeFi platform and stablecoin. (Unsplash)
Hong Kong-based crypto lender Babel Finance wants to roll out DeFi platform and stablecoin. (Unsplash)