PANews reported on January 22 that according to CoinDesk, the stablecoin USDh development team Hermetica on Bitcoin Layer 2 Stacks completed a $3 million liquidity injection, becoming the largest stablecoin in the Stacks ecosystem. The liquidity is provided by Hermetica in cooperation with the Bitcoin lending protocol Zest, and plans to provide returns for USDh through a lending mechanism based on sBTC. Hermetica expects the initial liquidity injection to bring an annualized rate of return (APY) of up to 50% in the short term, and the current average annualized rate of return is 18%.
Bitcoin stablecoin USDh completes $3 million in liquidity injection, becoming the largest stablecoin in the Stacks ecosystem
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