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.

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

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

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Stablecoin issuers

Hermetica

# Gas used Methodology

## Overview

Gas used measures the total gas consumed by an application. It reflects how much users are willing to incur transaction costs when using the application.

Hermetica

Gas used

Gas used

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