Peter Thiel-Backed Plasma Raises $20M to Develop Bitcoin-Based Network for Stablecoins The project, which also claims Tether’s Paolo Ardoino as an investor, aims to enhance stablecoin adoption through a Bitcoin sidechain that allows zero-fee USDT transactions.

Bitcoin-Based Stablecoin USDh Secures $3M in Liquidity DeFi protocol Hermetica said the liquidity will make USDh the largest stablecoin on Stacks