Defi protocol Hermetica launches stablecoin USDH
The DeFi protocol Hermetica has launched a stablecoin, USDH, supported by BTC. Hermetica claims that USDH can always be exchanged for BTC worth 1 US dollar, providing users with a non-custodial option. This release aims to eliminate the need for Bitcoin users to rely on centralized exchanges or alternative chain-supported fiat stablecoins. The company also announced plans to expand its native Bitcoin defi operations using L2 solutions like Stacks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A major whale was partially liquidated, incurring a loss of $4.07 million
Meme coin "Hakimi" surges nearly 40% in a short time, market cap rebounds to $27.5 million
Trending news
MoreCrypto prices
More
