In this episode of the Building Web3 podcast, Jax Dwyer is joined by Jakob, the Founder and CEO of Hermetica, to discuss their revolutionary Bitcoin-backed stablecoin, USDH. Hermetica is redefining decentralized finance (DeFi) with USDH, a yield-bearing stablecoin fully backed by Bitcoin and designed to deliver both stability and opportunity for crypto users worldwide.

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Chapters

00:00 Introduction to Hermetica USDH
00:49 How USDH Works
01:24 USDH Yield and Liquid Staking
03:09 The Flow of Using USDH
04:23 Bitcoin-Backed Stablecoin Landscape
06:08 Why We Need a Bitcoin-Based Stablecoin
11:37 Partnerships and Adoption
13:18 Building on Bitcoin
16:05 Why Choose USDH
21:09 Upcoming Milestones and Developments

Jakob explains how Hermetica combines spot Bitcoin positions with short perpetual futures to create USDH, ensuring that the dollar value of Bitcoin remains stable regardless of market fluctuations. USDH offers a unique opportunity for users to earn up to 25% annualized yield, thanks to its integration with funding rates in futures markets. By staking USDH, users receive SUSDH, a liquid staking token that appreciates daily based on market activity.

Key highlights include:

The mechanics of USDH and SUSDH: How Hermetica’s design offers capital efficiency, scalability, and real yield.

Market adoption and partnerships: Collaborations with Stacks, Zest, Liquidium, and more to drive liquidity and functionality in Bitcoin DeFi.

The future of stablecoins: Why Bitcoin-backed stablecoins are essential for building a decentralized financial system independent of fiat.

Emerging markets: How Hermetica is creating opportunities for users in regions like Latin America, Africa, and Asia with innovative mobile-first solutions for yield generation.

Jakob also shares insights into the challenges of building on Bitcoin L1 and L2 networks, the advantages of USDH over traditional fiat-backed stablecoins like USDT, and the exciting milestones Hermetica is set to achieve, including lending products and user-friendly wallet solutions.

Explore the potential of Bitcoin-backed stablecoins and discover how USDH is paving the way for the future of decentralized finance.

Hermetica, USDH, Bitcoin, stablecoin, yield, DeFi, partnerships, market adoption, crypto, financial system, Bitcoin-backed stablecoin, liquid staking, SUSDH, crypto adoption, emerging markets, decentralized finance, decentralized financial system, stablecoin market, Stacks, Liquidium, Zest, blockchain, DeFi partnerships, crypto innovation, Web3 insights, Bitcoin DeFi

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Disclaimer: Nothing said on Building Web3 is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jax, and our guests may hold positions in the companies, funds, or projects discussed.