Hermetica Introduces Bitcoin-Backed Synthetic Dollar on Bitcoin L1

Quick Summary:

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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: Japan

Topics: Bitcoin L2 Runes protocol USDH Layer 1 Stacks Hermetica DeFi Stablecoin Defi Synthetic dollar Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 19:10:32 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 21656789

View Article Analysis

About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 16 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 11 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

Publisher Details

Frequently Asked Questions