ChainCatcher reported that according to CoinDesk, OpenDelta, a stablecoin company focusing on Bitcoin, announced that it had completed a $2.15 million pre-seed financing led by 6th Man Ventures.
Konstantin Wünscher, the company's CEO, said that OpenDelta's goal is to use Bitcoin to create a stable value denominated in fiat currency. OpenDelta is one of the first companies to build tokenization technology for the Bitcoin Runes era. OpenDelta's flagship token USDO will maintain its dollar value by pledging Bitcoin and is scheduled to be launched in May, initially only available in closed testing to users on the waiting list. In addition, OpenDelta also plans to expand Runes technology to other levels of Bitcoin.
