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Hermetica USDh

Hermetica USDh

Project
stacksStablecoinsUSD StablecoinStacks Ecosystem

About

USDh is the first Bitcoin-backed, yield-bearing stablecoin on Bitcoin L1 and L2s. USDh consists of BTC coupled with a short perpetual futures position to create a synthetic dollar that is completely outside the fiat banking system. The short perpetual futures position generates up to 25% APY from funding rate payments which are passed on to users that stake USDh. Hermetica’s mission is to enable global financial freedom.

USDH/USDT

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History

2024
Feb 15, 2024product launchmajor

USDh Mainnet Launch on Stacks