Hermetica
  • Welcome
  • Hermetica
    • The Problem
    • Our Solution
    • Who We Are
  • USDh
    • USDh & sUSDh
    • How it Works
      • Mint Mechanism
      • Security Mechanisms
      • Stability Mechanism
      • Yield Mechanism
      • Backing Mechanism
      • Technical Primitives
    • Historical Performance
    • Hermetica Reserve Fund
    • Audits
    • Risk Disclosures
      • Collateral Risk
      • Exchange Risk
      • Liquidity Risk
      • Funding Rate Risk
      • General Risk
  • Resources
    • User Guides
      • Buy USDh
      • Stake USDh
      • Check Your Hermetica Points
      • Check Your Hermetica Portfolio
    • FAQs
    • Legal
      • Privacy Policy
      • Terms of Service
Powered by GitBook
On this page
  1. Hermetica

The Problem

Stablecoins are broken.

1. 0% APY

Most stablecoins offer 0% APY. Without yield, your USD-denominated stablecoin is losing value every day due to inflation.

2. Fiat-Backed

Most stablecoins (like USDC and Tether) rely on the traditional banking system. This means these stablecoins are dependent on that system to remain:

  • Operational and solvent

  • Friendly to crypto

These dependencies have been challenged recently, evidenced by the Silicon Valley Bank crisis which led USDC to trade 12% below peg. Read more here.

There is no yield-bearing dollar that is backed by the hardest asset in the world (BTC) and native to the most secure Blockchain (Bitcoin).

PreviousWelcomeNextOur Solution

Last updated 3 months ago