# Hermetica

> Track Hermetica with daily standardized on-chain data. Compare Hermetica with other stablecoin issuers. See charts and datasets in one place. Updated daily.

Source: [Hermetica on Token Terminal](https://tokenterminal.com/explorer/projects/hermetica). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Stablecoin issuers
- Chains: stacks

## About

### What it is

Hermetica is a synthetic dollar protocol built on Bitcoin that issues USDh, a Bitcoin-backed stablecoin on the Stacks blockchain.

### Who uses it

Hermetica is a team building synthetic dollar infrastructure on Bitcoin via the Stacks blockchain.

### How it works

Users deposit BTC-denominated collateral and mint USDh, a synthetic dollar that maintains its peg through a basis trading strategy combining spot and perpetual futures positions.

## Metrics

Token Terminal tracks these metrics for Hermetica daily. Each page has a chart with the full history.

- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/hermetica/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/hermetica/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/hermetica/metrics/active-addresses-monthly)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/hermetica/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/hermetica/metrics/gas-used)

## Links

- [website](https://hermetica.fi/)
- [twitter](https://twitter.com/HermeticaFi)