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02:37

Hermetica launches BTC-backed Stable CoinUSDh on Stacks

Odaily Planet Daily News Hermetica has launched BTC-backed Stable Coin USDh on the Stacks L2 network. The team claimed that the Stable Coin utilizes Velar's Liquidity technology, Velar is a Decentralized Finance with BTC finality.

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VELAR-5.28%

DEFI-6.36%

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14:33

PANews reported on February 1 that, according to CoinDesk, Crypto Assets startup Velar has completed a $3.5 million funding round and plans to build a perpetual swap exchange for BitcoinDeFi (Decentralized Finance). Velar CEO Mithil Thakore revealed that they intend to launch the first perpetual swap exchange that leverages the Bitcoin network. Velar is particularly focused on Stacks' upcoming Nakamoto Release, which is expected to introduce sBTC, a synthetic Bitcoin asset pegged to BTC, enabling holders to unlock the Decentralized Finance value of their Bitcoin holdings without giving up custody.

DEFI-6.36%

BTC-1.95%

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Crypto Calendar

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Avalanche unlocks tokens at 12 AM UTC.

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