• bitcoinBitcoin (BTC) $ 97,717.00
  • ethereumEthereum (ETH) $ 2,732.29
  • xrpXRP (XRP) $ 2.47
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 698.03
  • solanaSolana (SOL) $ 195.81
  • usd-coinUSDC (USDC) $ 0.999900
  • dogecoinDogecoin (DOGE) $ 0.263102
  • cardanoCardano (ADA) $ 0.794296
  • staked-etherLido Staked Ether (STETH) $ 2,736.29
  • tronTRON (TRX) $ 0.243062
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,499.00
  • chainlinkChainlink (LINK) $ 19.16
  • suiSui (SUI) $ 3.58
  • wrapped-stethWrapped stETH (WSTETH) $ 3,266.60
  • avalanche-2Avalanche (AVAX) $ 26.49
  • stellarStellar (XLM) $ 0.331152
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • the-open-networkToncoin (TON) $ 3.81
  • litecoinLitecoin (LTC) $ 121.85
  • leo-tokenLEO Token (LEO) $ 9.80
  • hedera-hashgraphHedera (HBAR) $ 0.232940
  • hyperliquidHyperliquid (HYPE) $ 25.56
  • usdsUSDS (USDS) $ 1.00
  • wethWETH (WETH) $ 2,734.19
  • polkadotPolkadot (DOT) $ 5.21
  • bitget-tokenBitget Token (BGB) $ 6.03
  • bitcoin-cashBitcoin Cash (BCH) $ 342.94
  • ethena-usdeEthena USDe (USDE) $ 0.999400
  • uniswapUniswap (UNI) $ 9.95
  • mantra-daoMANTRA (OM) $ 5.72
  • wrapped-eethWrapped eETH (WEETH) $ 2,897.26
  • ondo-financeOndo (ONDO) $ 1.39
  • pepePepe (PEPE) $ 0.000010
  • moneroMonero (XMR) $ 226.66
  • nearNEAR Protocol (NEAR) $ 3.42
  • whitebitWhiteBIT Coin (WBT) $ 27.36
  • aaveAave (AAVE) $ 252.56
  • internet-computerInternet Computer (ICP) $ 7.38
  • aptosAptos (APT) $ 6.15
  • mantleMantle (MNT) $ 1.04
  • daiDai (DAI) $ 0.999605
  • bittensorBittensor (TAO) $ 401.08
  • susdssUSDS (SUSDS) $ 1.03
  • ethereum-classicEthereum Classic (ETC) $ 21.31
  • okbOKB (OKB) $ 51.66
  • official-trumpOfficial Trump (TRUMP) $ 15.34
  • vechainVeChain (VET) $ 0.035358
  • gatechain-tokenGate (GT) $ 22.45
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.326894
  • crypto-com-chainCronos (CRO) $ 0.094800
  • algorandAlgorand (ALGO) $ 0.301994
  • kaspaKaspa (KAS) $ 0.097739
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,746.00
  • render-tokenRender (RENDER) $ 4.62
  • jupiter-exchange-solanaJupiter (JUP) $ 0.857214
  • tokenize-xchangeTokenize Xchange (TKX) $ 27.92
  • cosmosCosmos Hub (ATOM) $ 5.04
  • filecoinFilecoin (FIL) $ 3.47
  • arbitrumArbitrum (ARB) $ 0.493272
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.819193
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997625
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,072.00
  • sonic-3Sonic (prev. FTM) (S) $ 0.545297
  • celestiaCelestia (TIA) $ 3.23
  • fasttokenFasttoken (FTN) $ 3.94
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,730.62
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,834.23
  • binance-staked-solBinance Staked SOL (BNSOL) $ 202.30
  • raydiumRaydium (RAY) $ 5.23
  • lido-daoLido DAO (LDO) $ 1.71
  • optimismOptimism (OP) $ 1.12
  • kucoin-sharesKuCoin (KCS) $ 12.35
  • blockstackStacks (STX) $ 0.981400
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,481.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.093793
  • injective-protocolInjective (INJ) $ 14.85
  • immutable-xImmutable (IMX) $ 0.824630
  • theta-tokenTheta Network (THETA) $ 1.43
  • ethenaEthena (ENA) $ 0.452840
  • bonkBonk (BONK) $ 0.000018
  • the-graphThe Graph (GRT) $ 0.144622
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,070.25
  • nexoNEXO (NEXO) $ 1.35
  • movementMovement (MOVE) $ 0.560902
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,888.89
  • worldcoin-wldWorldcoin (WLD) $ 1.28
  • flare-networksFlare (FLR) $ 0.021045
  • usual-usdUsual USD (USD0) $ 0.997454
  • jasmycoinJasmyCoin (JASMY) $ 0.022723
  • sei-networkSei (SEI) $ 0.240722
  • dexeDeXe (DEXE) $ 18.61
  • galaGALA (GALA) $ 0.024018
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 96,913.00
  • eosEOS (EOS) $ 0.657978
  • the-sandboxThe Sandbox (SAND) $ 0.403521
  • msolMarinade Staked SOL (MSOL) $ 248.12
  • flokiFLOKI (FLOKI) $ 0.000100
  • tezosTezos (XTZ) $ 0.912871
  • ethereum-name-serviceEthereum Name Service (ENS) $ 27.25
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.38
  • iotaIOTA (IOTA) $ 0.246632
  • bittorrentBitTorrent (BTT) $ 0.00000089
  • jito-governance-tokenJito (JTO) $ 2.99
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,834.07
  • makerMaker (MKR) $ 1,015.73
  • ultimaUltima (ULTIMA) $ 19,082.14
  • flowFlow (FLOW) $ 0.531815
  • wbnbWrapped BNB (WBNB) $ 697.81
  • neoNEO (NEO) $ 11.55
  • bitcoin-svBitcoin SV (BSV) $ 40.92
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 212.55
  • chain-2Onyxcoin (XCN) $ 0.024406
  • kaiaKaia (KAIA) $ 0.134598
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 97,417.00
  • roninRonin (RON) $ 1.25
  • pyth-networkPyth Network (PYTH) $ 0.211345
  • usddUSDD (USDD) $ 1.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.54
  • spx6900SPX6900 (SPX) $ 0.775294
  • tether-goldTether Gold (XAUT) $ 2,895.65
  • curve-dao-tokenCurve DAO (CRV) $ 0.553155
  • axie-infinityAxie Infinity (AXS) $ 4.43
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,890.17
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.263227
  • heliumHelium (HNT) $ 3.78
  • elrond-erd-2MultiversX (EGLD) $ 23.69
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010365
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,735.08
  • decentralandDecentraland (MANA) $ 0.338267
  • fraxFrax (FRAX) $ 0.995777
  • starknetStarknet (STRK) $ 0.244160
  • berachain-beraBerachain (BERA) $ 5.85
  • aerodrome-financeAerodrome Finance (AERO) $ 0.825256
  • arweaveArweave (AR) $ 9.58
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.998208
  • dogwifcoindogwifhat (WIF) $ 0.604998
  • ai16zai16z (AI16Z) $ 0.546451
  • chilizChiliz (CHZ) $ 0.063802
  • pax-goldPAX Gold (PAXG) $ 2,912.20
  • pendlePendle (PENDLE) $ 3.59
  • matic-networkPolygon (MATIC) $ 0.326824
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,733.23
  • dydx-chaindYdX (DYDX) $ 0.800264
  • conflux-tokenConflux (CFX) $ 0.118879
  • fartcoinFartcoin (FARTCOIN) $ 0.575199
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,733.05
  • beam-2Beam (BEAM) $ 0.010735
  • resolv-usrResolv USR (USR) $ 1.00
  • pumpbtcpumpBTC (PUMPBTC) $ 91,726.00
  • telcoinTelcoin (TEL) $ 0.007071
  • insurance-2INSURANCE (INSURANCE) $ 29.31
  • apecoinApeCoin (APE) $ 0.750257
  • kavaKava (KAVA) $ 0.498492
  • meowMEOW (MEOW) $ 0.005898
  • ecasheCash (XEC) $ 0.000027
  • aioz-networkAIOZ Network (AIOZ) $ 0.456670
  • wormholeWormhole (W) $ 0.183848
  • beldexBeldex (BDX) $ 0.075095
  • coredaoorgCore (CORE) $ 0.551818
  • zcashZcash (ZEC) $ 32.75
  • compound-governance-tokenCompound (COMP) $ 58.14
  • thorchainTHORChain (RUNE) $ 1.44
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009140
  • deepDeepBook (DEEP) $ 0.197589
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 97,779.00
  • true-usdTrueUSD (TUSD) $ 0.996205
  • amp-tokenAmp (AMP) $ 0.005830
  • akash-networkAkash Network (AKT) $ 1.98
  • clbtcclBTC (CLBTC) $ 97,711.00
  • newton-projectAB DAO (AB) $ 0.010909
  • chex-tokenCHEX Token (CHEX) $ 0.478438
  • gnosisGnosis (GNO) $ 178.52
  • tbtctBTC (TBTC) $ 97,304.00
  • apenftAPENFT (NFT) $ 0.00000046
  • morphoMorpho (MORPHO) $ 2.01
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000082
  • based-brettBrett (BRETT) $ 0.045371
  • axelarAxelar (AXL) $ 0.488085
  • quantixaiQuantixAI (QAI) $ 85.70
  • mina-protocolMina Protocol (MINA) $ 0.365100
  • dohrniiDohrnii (DHN) $ 7.51
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,708.69
  • eigenlayerEigenlayer (EIGEN) $ 1.74
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • super-oethSuper OETH (SUPEROETHB) $ 2,736.85
  • echelon-primeEchelon Prime (PRIME) $ 7.61
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,982.01
  • zksyncZKsync (ZK) $ 0.111002
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.974537
  • olympusOlympus (OHM) $ 24.65
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • usdbUSDB (USDB) $ 0.998599
  • ai-rig-complexAI Rig Complex (ARC) $ 0.397095
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,735.96
  • verus-coinVerus (VRSC) $ 5.04
  • 1inch1inch (1INCH) $ 0.272883
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08

Bitcoin-Based Stablecoin USDh Secures $3M in Liquidity

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.



Source

Leave A Reply

Your email address will not be published.