Hermetica, the creator of USDH, a Bitcoin-backed, yield-bearing synthetic dollar, has secured $1.7 million in seed funding. The round, led by UTXO Management, will accelerate the development of USDH, a stablecoin that operates on Bitcoin’s layer one (L1) and layer two (L2) networks. USDH Gains Momentum as Hermetica Raises $1.7 Million in Seed Funding According […]
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How Banks Can Overcome 10 Challenges with FedNow Payment Sending and Acceptance
FedNow, the U.S. Federal Reserve’s instant payment service went live in July of 2023. Now, 15 months later, adoption rates...