Hermetica Secures $1.7M to Expand Stablecoin USDh
Hermetica, the company behind the Bitcoin-backed stablecoin USDh, has raised $1.7 million in seed funding. The money will help USDh—a stablecoin intended to be backed by Bitcoin—grow. Rather than fluctuating in value like Bitcoin, a stablecoin seeks to maintain its value pegged to a stable asset, such as the US dollar. Without leaving the Bitcoin […]
Hermetica Expands Stablecoin USDh to Stacks L2
USDh, a stablecoin backed by Bitcoin, debuts on Stacks L2 with new DeFi features. A big step forward for Bitcoin-based decentralized finance has been made by Hermetica by extending their stablecoin, USDh, to the Stacks Layer 2 network. According to a press statement, this action enables users to hold USDh, a stablecoin entirely backed by […]
USDh Synthetic Dollar to Launch with 25% Yield
The first Bitcoin-native synthetic dollar USDh is looking to launch by June and promises a 25% yield. The new synthetic dollar, USDh, is expected to provide users with yields of up to 25% when released in June, according to an announcement by Hermetica that was shared with Cointelegraph. Jakob Schillinger, founder and CEO of Hermetica […]