🚀 Hermetica, the company behind the Bitcoin-backed stablecoin USDh, has raised $1.7M in seed funding! 💰

🔹 USDh is a stablecoin pegged to the U.S. dollar, allowing Bitcoin holders to transact without leaving the BTC ecosystem.

🔹 Funding led by UTXO Management, with major investors like CMS Holdings, Ethos Fund, and Trust Machines SPV.

🔹 Launched on Stacks Layer 2 network, offering potential yields up to 25%.

🔹 Targets $1 trillion in untapped Bitcoin value in DeFi.

What do you think about Bitcoin-backed stablecoins? Share your thoughts in the comments!