: Revenue to back these tokens will be generated through Hope , a new DeFi ecosystem. This project includes a stablecoin also named "Hope," which differs from traditional stablecoins by using Bitcoin ( BTCcap B cap T cap C ) and Ether ( ETHcap E cap T cap H ) as collateral rather than cash or equivalents.
: A key proposal involves converting approximately $150 million of debt held by major creditors into convertible bonds. If successful, this would transition Babel's largest creditors into shareholders of the restructured firm.
: The firm is seeking to raise an additional $250 million to $300 million through further convertible bond issuances and secure a $200 million revolving credit facility for business restoration.