Hermetica has launched its Bitcoin-backed stablecoin, USDh, on the Stacks Layer 2 network. This marks a significant milestone as USDh becomes the first Bitcoin-backed stablecoin on Stacks, offering up to 25% yield. Despite these advancements, the market outlook remains cautious. The integration aims to enhance liquidity and user accessibility within the Stacks DeFi ecosystem, yet the broader market's volatility and regulatory uncertainties cast a shadow over potential growth. While USDh provides a decentralized alternative to fiat-backed stablecoins, the sustainability of such high yields in a turbulent market is questionable.
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