Hermetica launches first Bitcoin-backed synthetic dollar on Bitcoin L1, announces scaling with L2 Stacks

Hermetica, a Bitcoin-based decentralized finance (DeFi) protocol, has made a significant advancement by deploying its BTC-backed synthetic dollar, USDh, directly on Bitcoin’s Layer 1 (L1) using the Runes protocol. This move marks a pivotal development in the Bitcoin DeFi landscape, offering a new way for Bitcoin holders to leverage their assets without moving to centralized […]