Hermetica, a Bitcoin-backed stablecoin platform, is integrating its synthetic dollar, USDh, onto the Stacks Bitcoin Layer 2 network. This makes USDh the first Bitcoin-backed stablecoin to join the Stacks ecosystem. USDh allows users to generate a 25% yield while staying within the Bitcoin ecosystem and offers complete control over assets without involving financial institutions. The integration of USDh is seen as a significant step in scaling Bitcoin DeFi on Stacks. The global stablecoin market has reached $160 billion in the past five years, highlighting the potential for Bitcoin-backed stablecoins to tap into the $1.3 trillion Bitcoin market cap. USDh has already been integrated into platforms like Liquidium and MagicEden and will be listed on various DEXs, enhancing its accessibility. With a major upgrade expected in September 2024, Stacks is preparing for increased DeFi growth, and the integration of USDh marks an important milestone for Bitcoin-backed financial tools.



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