Saturday March 15, 2025

Hermetica Introduces Bitcoin-Backed Synthetic Dollar on Bitcoin L1

Hermetica Introduces Bitcoin-Backed Synthetic Dollar on Bitcoin L1

by Jamie Redman July 16, 2024 1 min read

(Originally posted on : Bitcoin News )

Bitcoin-based decentralized finance (defi) protocol Hermetica has launched its BTC-backed synthetic dollar, USDH, on Bitcoin’s layer one (L1) through the Runes protocol. The company also announced plans to scale its Bitcoin-native defi operations using layer two (L2) solutions like Stacks. Hermetica Launches BTC-Backed Stablecoin USDH Hermetica‘s USDH offers Bitcoin holders a new way to maintain […]

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