# Flex Yang

> Flex Yang, also known as Yang Zhou (杨舟), is a fintech entrepreneur and co-founder of Babel Finance, where he served as CEO until October 2021. Previously an auditor at PwC Hong Kong and founder of Standard Financial Inclusion, he later founded HOPE and Stables Labs, the team behind usdx.money. His career spans institutional crypto credit, decentralized lending and synthetic stablecoins, including the subsequent crises at those ventures.

- **Role:** Founder at Stables Labs (latest verified public affiliation, 2025)
- **Organizations:** Stables Labs, usdx.money, HOPE, Babel Finance, Standard Financial Inclusion, PricewaterhouseCoopers Hong Kong
- **Education:** Bachelor of Business Administration in Accountancy and Law, City University of Hong Kong
- **Known for:** Co-founded Babel Finance and led it through a $40 million Series A in May 2021., Founded Standard Financial Inclusion, HOPE and Stables Labs.

## Career timeline

- **2011–2015** — Senior Associate at PricewaterhouseCoopers Hong Kong, September 2011 to May 2015.
- **Before 2018** — Founded Standard Financial Inclusion, focused on financial services for small and micro-enterprises in China.
- **2018** — Co-founded Babel Finance with Del Wang.
- **2021-05** — Led Babel during its $40 million Series A funding round.
- **2021-10** — Stepped down as Babel Finance CEO; transition announced in December 2021.
- **2022-06** — Babel suspended withdrawals and redemptions on June 17, after his departure as CEO.
- **2023-03** — Launched HOPE; separately named as a recapitalization investor in Babel’s proposed restructuring.
- **2023-10** — HOPE ecosystem lending protocol HopeLend was exploited on October 18.
- **2024-12** — Stables Labs-backed usdx.money announced $45 million of financing at a $275 million valuation.
- **2025-02** — Spoke as Stables Labs founder at a Hong Kong payments event.
- **2025-11** — USDX lost its dollar peg; later investigative analysis alleged links between associated transaction addresses and Yang.

## Achievements

- Co-founded Babel Finance and led it through a $40 million Series A in May 2021.
- Founded Standard Financial Inclusion, HOPE and Stables Labs.

## Latest updates

- **2025-12** — Beosin published a USDX collapse analysis alleging transaction links to addresses associated with Yang; these are investigative claims, not a court determination.
- **2025-11** — Stables Labs USDX suffered a severe loss of its dollar peg.
- **2025-03** — Appeared on Bill It Up discussing Babel and stablecoins.
- **2025-02** — Spoke at the Borderless Payments event in Hong Kong as founder of Stables Labs.

## Links

- LinkedIn: https://www.linkedin.com/in/flex-yang/
- Twitter/X: https://x.com/goXmoonman

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Profile page: https://yespress.io/flex-yang
Published by YesPress — https://yespress.io
Last updated: 2026-10-14