**Summary:**
Hermetica has collaborated with Velar to offer traders a 5% annual yield on the Bitcoin-backed stablecoin USDh through Velar’s futures exchange on Stacks. This partnership aims to enhance the trading experience and provide additional incentives for users engaging with USDh.
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**Article:**
In an exciting development for the cryptocurrency trading community, Hermetica has announced its partnership with Velar, aiming to create more attractive opportunities for traders. This collaboration introduces a 5% annual yield for those engaging with USDh, a stablecoin backed by Bitcoin. The yield will be available through Velar’s futures exchange on the Stacks blockchain platform, which allows for innovative financial products.
Stablecoins have gained considerable traction in the crypto world, providing a less volatile option for traders compared to traditional cryptocurrencies like Bitcoin and Ethereum. USDh stands out due to its backing by Bitcoin, offering the stability of a traditional stablecoin alongside the potential appreciation of its underlying asset.
The decision to implement a 5% annual yield signifies a strategic move to draw more users to the USDh ecosystem and enhance liquidity on Velar’s trading platform. This yield provides an attractive incentive for traders, allowing them to earn a passive income on their holdings while they participate in the fast-paced world of cryptocurrency trading.
By utilizing the Stacks blockchain, Hermetica and Velar tap into a growing ecosystem that combines the security of Bitcoin with smart contract functionalities. These advanced features enable users to make decisions based on real-time data and market conditions, ultimately improving the overall trading experience.
In summary, this partnership between Hermetica and Velar represents a significant step forward for both companies, promising to deliver enhanced trading opportunities and value for traders engaging with the USDh stablecoin. With the introduction of this annual yield, the collaboration is poised to attract a wider audience and reinforce the utility of Bitcoin-backed assets in the evolving financial landscape.
