According to BlockBeats, on October 16, The Block reported that stablecoin developer Hermetica completed a $1.7 million seed round of financing, led by UTXO Management, with participation from CMS Holdings, Ethos Fund, Trust Machines SPV, Newman Capital, Silvermine and a group of angel investors. Hermetica issued a yield-generating synthetic dollar USDh on the Bitcoin network.
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Stablecoin developer Hermetica completes $1.7 million seed round, led by UTXO Management
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