Flex Yang, Founder of Troubled Crypto Asset Unicorn Babel, Launches New DeFi Project and Stablecoin

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  • Flex Yang, the former CEO and founder of Babel Finance, is leading efforts to restructure the now embattled crypto asset unicorn.
  • He is introducing a new decentralized project with hopes to avoid some of the flaws of his previous venture.
  • Yang is launching a DeFi project and a stablecoin in light of the downfall of centralized crypto services like FTX, Gemini and Babel itself.