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Hermetica
Projects

Hermetica

Stablecoin issuers

Overview

What is Hermetica?
Hermetica is a synthetic dollar protocol built on Bitcoin that issues USDh, a Bitcoin-backed stablecoin on the Stacks blockchain.
How does Hermetica work?
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.
Who governs Hermetica?
Hermetica is a team building synthetic dollar infrastructure on Bitcoin via the Stacks blockchain.
No business model data available
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