• bitcoinBitcoin (BTC) $ 96,254.00
  • ethereumEthereum (ETH) $ 2,699.87
  • xrpXRP (XRP) $ 2.61
  • tetherTether (USDT) $ 0.999730
  • bnbBNB (BNB) $ 660.65
  • solanaSolana (SOL) $ 170.19
  • usd-coinUSDC (USDC) $ 0.999898
  • dogecoinDogecoin (DOGE) $ 0.253440
  • cardanoCardano (ADA) $ 0.790161
  • staked-etherLido Staked Ether (STETH) $ 2,699.98
  • tronTRON (TRX) $ 0.236743
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 96,174.00
  • chainlinkChainlink (LINK) $ 18.22
  • wrapped-stethWrapped stETH (WSTETH) $ 3,228.81
  • stellarStellar (XLM) $ 0.327077
  • avalanche-2Avalanche (AVAX) $ 24.12
  • suiSui (SUI) $ 3.13
  • ugold-incUGOLD Inc. (UGOLD) $ 3,037.58
  • litecoinLitecoin (LTC) $ 127.60
  • the-open-networkToncoin (TON) $ 3.70
  • shiba-inuShiba Inu (SHIB) $ 0.000015
  • leo-tokenLEO Token (LEO) $ 9.79
  • usdsUSDS (USDS) $ 1.00
  • hedera-hashgraphHedera (HBAR) $ 0.206103
  • wethWETH (WETH) $ 2,701.19
  • hyperliquidHyperliquid (HYPE) $ 24.07
  • polkadotPolkadot (DOT) $ 4.81
  • mantra-daoMANTRA (OM) $ 7.42
  • bitcoin-cashBitcoin Cash (BCH) $ 319.43
  • bitget-tokenBitget Token (BGB) $ 5.06
  • ethena-usdeEthena USDe (USDE) $ 0.999303
  • uniswapUniswap (UNI) $ 9.68
  • wrapped-eethWrapped eETH (WEETH) $ 2,863.29
  • moneroMonero (XMR) $ 232.77
  • pepePepe (PEPE) $ 0.000010
  • whitebitWhiteBIT Coin (WBT) $ 27.18
  • aaveAave (AAVE) $ 257.49
  • ondo-financeOndo (ONDO) $ 1.20
  • nearNEAR Protocol (NEAR) $ 3.19
  • mantleMantle (MNT) $ 1.11
  • susdssUSDS (SUSDS) $ 1.04
  • daiDai (DAI) $ 0.999722
  • official-trumpOfficial Trump (TRUMP) $ 16.64
  • aptosAptos (APT) $ 5.64
  • internet-computerInternet Computer (ICP) $ 6.86
  • bittensorBittensor (TAO) $ 366.63
  • ethereum-classicEthereum Classic (ETC) $ 20.32
  • okbOKB (OKB) $ 49.70
  • gatechain-tokenGate (GT) $ 22.72
  • tokenize-xchangeTokenize Xchange (TKX) $ 33.93
  • kaspaKaspa (KAS) $ 0.101935
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.305763
  • vechainVeChain (VET) $ 0.032243
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 96,275.00
  • crypto-com-chainCronos (CRO) $ 0.086252
  • algorandAlgorand (ALGO) $ 0.262983
  • render-tokenRender (RENDER) $ 4.18
  • filecoinFilecoin (FIL) $ 3.28
  • arbitrumArbitrum (ARB) $ 0.470487
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998050
  • cosmosCosmos Hub (ATOM) $ 4.65
  • jupiter-exchange-solanaJupiter (JUP) $ 0.733718
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.743607
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 96,336.00
  • sonic-3Sonic (prev. FTM) (S) $ 0.594692
  • optimismOptimism (OP) $ 1.10
  • lido-daoLido DAO (LDO) $ 1.87
  • fasttokenFasttoken (FTN) $ 3.94
  • celestiaCelestia (TIA) $ 3.08
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,704.11
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,802.30
  • kucoin-sharesKuCoin (KCS) $ 12.03
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 96,006.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.091874
  • injective-protocolInjective (INJ) $ 14.04
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,041.74
  • blockstackStacks (STX) $ 0.898126
  • binance-staked-solBinance Staked SOL (BNSOL) $ 176.57
  • ethenaEthena (ENA) $ 0.430083
  • nexoNEXO (NEXO) $ 1.33
  • immutable-xImmutable (IMX) $ 0.748957
  • the-graphThe Graph (GRT) $ 0.134860
  • raydiumRaydium (RAY) $ 4.40
  • theta-tokenTheta Network (THETA) $ 1.28
  • movementMovement (MOVE) $ 0.524559
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,848.50
  • bonkBonk (BONK) $ 0.000016
  • worldcoin-wldWorldcoin (WLD) $ 1.16
  • flare-networksFlare (FLR) $ 0.020262
  • usual-usdUsual USD (USD0) $ 0.998008
  • sei-networkSei (SEI) $ 0.223866
  • jasmycoinJasmyCoin (JASMY) $ 0.021366
  • dexeDeXe (DEXE) $ 17.96
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 94,889.00
  • galaGALA (GALA) $ 0.021933
  • makerMaker (MKR) $ 1,123.51
  • eosEOS (EOS) $ 0.619590
  • telcoinTelcoin (TEL) $ 0.010031
  • flokiFLOKI (FLOKI) $ 0.000094
  • the-sandboxThe Sandbox (SAND) $ 0.369571
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.88
  • tezosTezos (XTZ) $ 0.863351
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,800.27
  • msolMarinade Staked SOL (MSOL) $ 215.36
  • bittorrentBitTorrent (BTT) $ 0.00000085
  • wbnbWrapped BNB (WBNB) $ 661.95
  • iotaIOTA (IOTA) $ 0.221917
  • flowFlow (FLOW) $ 0.509186
  • jito-governance-tokenJito (JTO) $ 2.65
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,103.00
  • bitcoin-svBitcoin SV (BSV) $ 38.69
  • roninRonin (RON) $ 1.23
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.60
  • neoNEO (NEO) $ 10.66
  • pyth-networkPyth Network (PYTH) $ 0.204417
  • kaiaKaia (KAIA) $ 0.126270
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.11
  • tether-goldTether Gold (XAUT) $ 2,917.34
  • chain-2Onyxcoin (XCN) $ 0.021248
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 185.24
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,845.36
  • axie-infinityAxie Infinity (AXS) $ 4.24
  • curve-dao-tokenCurve DAO (CRV) $ 0.506022
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.253925
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,699.77
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • fraxFrax (FRAX) $ 0.995976
  • dogwifcoindogwifhat (WIF) $ 0.624050
  • berachain-beraBerachain (BERA) $ 5.81
  • heliumHelium (HNT) $ 3.53
  • usdx-money-usdxusdx.money USDX (USDX) $ 1.00
  • spx6900SPX6900 (SPX) $ 0.659454
  • elrond-erd-2MultiversX (EGLD) $ 21.78
  • pax-goldPAX Gold (PAXG) $ 2,932.56
  • aerodrome-financeAerodrome Finance (AERO) $ 0.782788
  • decentralandDecentraland (MANA) $ 0.320760
  • arweaveArweave (AR) $ 8.99
  • newton-projectAB DAO (AB) $ 0.012884
  • resolv-usrResolv USR (USR) $ 1.00
  • starknetStarknet (STRK) $ 0.220609
  • pumpbtcpumpBTC (PUMPBTC) $ 95,178.00
  • conflux-tokenConflux (CFX) $ 0.114798
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,702.17
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.008847
  • insurance-2INSURANCE (INSURANCE) $ 29.60
  • dydx-chaindYdX (DYDX) $ 0.755114
  • matic-networkPolygon (MATIC) $ 0.306180
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,701.05
  • zcashZcash (ZEC) $ 34.36
  • chilizChiliz (CHZ) $ 0.057375
  • meowMEOW (MEOW) $ 0.006004
  • pendlePendle (PENDLE) $ 3.27
  • beam-2Beam (BEAM) $ 0.010054
  • beldexBeldex (BDX) $ 0.075297
  • coredaoorgCore (CORE) $ 0.517842
  • ecasheCash (XEC) $ 0.000026
  • story-2Story (IP) $ 2.05
  • verus-coinVerus (VRSC) $ 6.44
  • apecoinApeCoin (APE) $ 0.692529
  • kavaKava (KAVA) $ 0.458692
  • true-usdTrueUSD (TUSD) $ 0.998131
  • wormholeWormhole (W) $ 0.169266
  • clbtcclBTC (CLBTC) $ 96,318.00
  • compound-governance-tokenCompound (COMP) $ 53.84
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 96,466.00
  • aioz-networkAIOZ Network (AIOZ) $ 0.411815
  • metars-genesisMetars Genesis (MRS) $ 5.57
  • morphoMorpho (MORPHO) $ 2.04
  • amp-tokenAmp (AMP) $ 0.005418
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008066
  • apenftAPENFT (NFT) $ 0.00000045
  • tbtctBTC (TBTC) $ 96,096.00
  • gnosisGnosis (GNO) $ 169.82
  • akash-networkAkash Network (AKT) $ 1.78
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • quantixaiQuantixAI (QAI) $ 84.28
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,679.37
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.03
  • mina-protocolMina Protocol (MINA) $ 0.343642
  • thorchainTHORChain (RUNE) $ 1.18
  • eigenlayerEigenlayer (EIGEN) $ 1.68
  • axelarAxelar (AXL) $ 0.448716
  • wouldwould (WOULD) $ 0.411025
  • usdbUSDB (USDB) $ 1.01
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000074
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • super-oethSuper OETH (SUPEROETHB) $ 2,701.80
  • based-brettBrett (BRETT) $ 0.040795
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,945.98
  • grassGrass (GRASS) $ 1.64
  • ketKet (KET) $ 0.395985
  • olympusOlympus (OHM) $ 24.13
  • chex-tokenCHEX Token (CHEX) $ 0.387446
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,700.02
  • zksyncZKsync (ZK) $ 0.105207
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • 1inch1inch (1INCH) $ 0.264979
  • ai-companionsAI Companions (AIC) $ 0.371374
  • stader-ethxStader ETHx (ETHX) $ 2,844.01

Bitcoin-Based Stablecoin USDh Secures $3M in Liquidity

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Bitcoin-Based Stablecoin USDh Secures $3M in Liquidity

The developers of USDh, a stablecoin built on Bitcoin layer 2 Stacks, have completed a deal to bring around $3 million in liquidity to the token.

Decentralized finance (DeFi) protocol Hermetica has secured the liquidity, which it says will make it the largest stablecoin on Stacks, through collaboration with Bitcoin lending protocol Zest.

The two plan to offer yield on USDh through lending against sBTC, the bitcoin-backed bridging asset that users can use to put their bitcoin wealth in the Stacks ecosystem.

The initial liquidity boost could create a short-term window of higher yields, Hermetica said, with projections of an annual percentage yield (APY) as high as 50%. It currently provides an average APY of 18%, Hermetica said in an emailed announcement on Wednesday.

Stablecoins play an integral role in the crypto economy, giving users a means of holding their assets in a token that isn’t prone to such significant ebbs and flows in value, because they are pegged to a fiat currency (usually the U.S. dollar).

Provision for stablecoins therefore would naturally be an important development in Bitcoin’s evolution into a network that can support DeFi capabilities, a trend that has gathered momentum in the last couple of years.

It should be pointed that, however, that the $3 million in liquidity that USDh provides is tiny compared to the dominant stablecoins in crypto. USDT and USDC have market caps of over $138 billion and $51 billion respectively, highlighting the relative infancy of the Bitcoin DeFi sector.



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