USDh developer Hermetica, a stablecoin built on Bitcoin's Layer 2 Stacks, has completed a transaction that brings about $3 million in liquidity to the token. Hermetica and bitcoin lending agreement Zest plan to provide USDh proceeds through sBTC lending.
Bitcoin-backed stablecoin developer Hermetica completed a $1.70 million funding round led by UTXO Management, with participation from CMS Holdings, Ethos Fund, Trust Machines SPV, Newman Capital, Silvermine and numerous angel investors. Hermetica has developed profitable synthetic dollar USDh to be issued on the Bitcoin network. The company intends to use the funding to support the USDh ecosystem, such as through custody partnerships and enhanced liquidity. Hermetica plans to use the funding to ...
比特币支持的稳定币开发商 Hermetica 完成 170 万美元融资,UTXO Management 领投,CMS Holdings、Ethos Fund、Trust Machines SPV、Newman Capital、Silvermine 和众多天使投资者参投。 Hermetica 开发了有收益的合成美元 USDh,在比特币网络上发行。该公司打算利用这笔资金来支持 USDh 生态系统,例如通过托管合作伙伴关系和增强流动性。Hermetica 计划在未来几个月内利用这笔资金扩展到其他比特币 L2,例如 Arch Ne...
On July 17th news, Defi Protocol Hermetica launched USDH, a BTC-backed stablecoin. Hermetica claims that USDH can always be exchanged for $1 worth of BTC, providing users with a non-custodial option. The release aims to eliminate the need for Bitcoin users to rely on centralized exchanges or fiat-backed stablecoins on alternative chains. The company also announced plans to extend its Bitcoin native defi operations with L2 solutions such as Stacks.