![Hermetica Introduces Bitcoin-Backed Synthetic Dollar on Bitcoin L1](https://static.news.bitcoin.com/wp-content/uploads/2024/07/dollardollarbillyall-768x432.jpg)
Bitcoin-based decentralized finance (defi) protocol Hermetica has launched its BTC-backed synthetic dollar, USDH, on Bitcoin’s layer one (L1) through the Runes protocol. The company also announced plans to scale its Bitcoin-native defi operations using layer two (L2) solutions like Stacks. Hermetica Launches BTC-Backed Stablecoin USDH Hermetica‘s USDH offers Bitcoin holders a new way to maintain […]