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 on Wednesday, October 16. The funding round was led by UTXO Management and saw participation from the likes of CMS Holdings, Ethos Fund, Trust Machines SPV, Newman Capital, and Silvermine. High-profile angels included Tycho Onnasch (Zest Protocol), Robin Obermaier (Liquidium), Mithil Thakore (Velar), Matt Maduno (Arch Network), and GM Chung (DeSpread). Picks for you Dogecoin price prediction: Analyst hints DOGE could hit $10 2 hours ago Uptober: Indicators suggest the 2024 crypto bull market is back 2 hours ago ...