The collaboration will bring together two major players in the stablecoin space.

TL;DR

Hemi and Satoshi Protocol are collaborating to enhance universal stablecoin capabilities by combining Satoshi Protocol’s Bitcoin-backed stablecoin expertise with Hemi’s cross-chain capabilities. This partnership improves cross-chain interoperability, streamlines satUSD minting and management, and strengthens stability through Hemi’s Proof-of-Proof consensus model. Together, they aim to create a more efficient, secure, and resilient DeFi ecosystem.

Hemi and Satoshi Protocol are together working to enhance the functionality and reach of universal stablecoins. This effort combines Satoshi Protocol’s expertise in Bitcoin-backed stablecoins with Hemi’s modular architecture, creating a foundation for seamless cross-chain interoperability and improved efficiency.

Satoshi Protocol powers satUSD, the first universal stablecoin backed by Bitcoin. Users can mint satUSD by collateralizing BTC across blockchain ecosystems, with a minimum collateral ratio of 110% to maintain stability. A Stability Pool safeguards the system during low-collateral scenarios, ensuring satUSD remains reliably pegged to the US dollar and serves as a liquid, accessible option for Bitcoin holders in DeFi.

Integrating with Hemi’s modular architecture allows Satoshi Protocol to streamline minting and management processes for satUSD. This collaboration facilitates faster, more cost-effective cross-chain transactions while ensuring that users can maintain minimum collateral ratios with ease.

Hemi’s Proof-of-Proof (PoP) consensus model further enhances Satoshi Protocol’s stability mechanisms, merging Bitcoin’s unmatched security with Ethereum’s flexibility. This synergy reinforces satUSD’s Stability Pool, expands liquidity options, and bolsters the protocol’s ability to weather market challenges.

This collaboration is a step toward creating a more resilient and interconnected DeFi landscape. By leveraging the strengths of both Hemi Network and Satoshi Protocol, this effort enhances opportunities for liquidity providers and stablecoin users across multiple platforms.