The Bitcoin-backed stablecoin developer Hermetica has completed a $1.70 million financing round, led by UTXO Management, with participation from CMS Holdings, Ethos Fund, Trust Machines SPV, Newman Capital, Silvermine, and numerous angel investors.

Foresight News reports that Hermetica, a developer of Bitcoin-backed stablecoins, has completed a $1.70 million financing round, led by UTXO Management, with participation from CMS Holdings, Ethos Fund, Trust Machines SPV, Newman Capital, Silvermine, and numerous angel investors.

USDh issuer Hermetica completes $1.70 million financing, led by UTXO Management