Hermetica USDh
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Protocol TVL
About Hermetica USDh
Hermetica is a synthetic dollar protocol built on Bitcoin.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How Hermetica USDh's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
Counts the number of USDh tokens on Stacks and Bitcoin (Runes).
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Hermetica USDh Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Feb 20, 2025Listed on DeFiLlama
Protocol Profile
Hermetica USDh operates in the Basis Trading category of DeFi. It is deployed across 2 chains, including Stacks, Bitcoin. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
TVL spans 2 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Hermetica USDh operates on 2 networks (Stacks, Bitcoin), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Stacks, which holds 96% of all assets — other deployments are comparatively small. Price feeds come from a single oracle provider (Pyth); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for Hermetica USDh — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Basis Trading protocols on Mantapex
Hermetica USDh is one of 7 Basis Trading protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Ethena USDe, Falcon Finance, Solstice USX, and 3 more. These peer protocols collectively secure $8.8B in deposits, giving you a frame of reference for whether Hermetica USDh's own TVL is at the top, middle, or tail of the category.
Recent Hermetica USDh news
Latest reporting from major crypto news outlets covering Hermetica USDh.
- Finbold
Hermetica integrates USDh with Zest Protocol to boost stablecoin liquidity
Hermetica, a leading Bitcoin (BTC) stablecoin issuer, has expanded its partnership with Bitcoin Layer 2 (L2) network Stacks (STX), according to information shared with Finbold on…
- Altcoin Buzz
USDh: Hermetica's New Bitcoin-Backed, High-Yield Dollar
This financial instrument merges the stability of a dollar-pegged currency with Bitcoin's investment potential. It offers a compelling new option for crypto enthusiasts and…
- Invezz
USDh set to become the leading stablecoin on Stacks as Hermetica introduces sBTC yield product
Hermetica, a decentralized finance (DeFi) protocol operating on Bitcoin Layer 2 Stacks, has announced a major liquidity initiative that is set to establish USDh as the largest…
- Crypto Briefing
Hermetica Labs launches USDh, the first Bitcoin-native synthetic USD
Hermetica has launched USDh, the first Bitcoin-backed synthetic US dollar with a 25% APY for holders. The post Hermetica Labs launches USDh, the first Bitcoin-native synthetic USD…
- Crypto news
Bitcoin Layer 2 Stacks launches with a 35% all-time high annual yield by USDh
Stacks has announced the launch of a 35% annual percentage yield for Hermetica's stablecoin USDh, setting a record for the Stacks DeFi ecosystem. In a recent post on Dec.
- Crypto news
Bitcoin-backed Hermetica secures $1.7m to expand stablecoin USDh
Hermetica, the company behind the Bitcoin-backed stablecoin USDh, has raised $1.7 million in seed funding. The funding will support the growth of USDh, a stablecoin designed to be…
- Finbold
Hermetica, the platform behind Bitcoin-backed USDh, raises $1.7m
Hermetica, the platform behind USDh, the first Bitcoin (BTC)-backed, yield-generating synthetic dollar, has just closed a $1.7 million seed funding round, as reported to Finbold…
- Cointribune
Hermetica Launches Bitcoin-Backed Stablecoin USDh on Stacks Layer 2, Offering up to 25% Yield
Hermetica, the pioneer of the Bitcoin-backed stabelcoin USDh, announces the expansion of its flagship synthetic dollar to the Stacks Bitcoin L2 network. With the integration into…
Related protocols
Other DeFi protocols connected to Hermetica USDh by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Basis Trading protocols
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Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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