Today we’re excited to announce the launch of USDh on Stacks!
Earn up to 25% APY on your dollars and use the first Bitcoin-backed stablecoin in one of the leading DeFi ecosystems on Bitcoin.
Why Stacks
Launched in 2021, Stacks is pioneering fully expressive smart contracts that settle on Bitcoin. The upcoming Nakamoto upgrade will bring 5-second block times, cheap transactions, and Bitcoin finality.
As outlined in our Hermetica Manifesto Part 3, we believe this technology stack will finally enable us to build a superior user experience on Bitcoin. This 10x UX improvement is necessary to make a decentralized financial system on Bitcoin ready for mass adoption.
Native to Stacks
USDh is issued as a SIP-010 natively on Stacks. No wrapping or bridging is required to use USDh on Stacks, and the token has the same functionality and trust assumptions as other native SIP-010 tokens.
As the ecosystem continues to grow, we are actively exploring ways to bridge USDh between Runes and Stacks.
Bitcoin DeFi on Stacks
USDh will be a key building block for the thriving DeFi ecosystem on Stacks.
Starting today, you can swap any Stacks asset for USDh through the stableswap pools on Bitflow and Velar. Future integrations with Zest’s money market and Velar’s PerpDeX will allow you to use USDh in advanced DeFi trading strategies to get leverage and earn even more yield.
Get Started
Get started now: Buy USDh in DeFi, stake it for up to 25% APY, and earn Hermetica Points for additional rewards!
