Relend Network will introduce rUSDC-hemi.

Hemi is collaborating with Relend Network to introduce rUSDC-hemi, a stablecoin designed to provide deep liquidity and financial stability for the next generation of Bitcoin DeFi applications. From day one, this integration ensures a strong foundation for stablecoin adoption within the Hemi ecosystem.

Stablecoin liquidity is critical for DeFi growth. By working with Relend Network, Hemi is securing substantial TVL in stable assets, giving developers the tools needed to build efficient, scalable financial applications on Bitcoin.

How rUSDC-hemi Works

Relend Network relends liquidity from Ethereum Mainnet, providing a  collateralized debt position (CDP) stablecoin. The rUSDC-hemi instance unlocks credit for Hemi native money markets. rUSDC-hemi isbacked by both lending market collateral and USDC. 

What this means for users::

• Mint rUSDC-hemi by supplying USDC on Ethereum mainnet and bridging to Hemi
• Borrow rUSDC-hemi from local money markets at scale
• Redeem rUSDC-hemi at a 1:1 ratio with USDC on mainnet
• Utilize rUSDC-hemi for seamless liquidity across the Hemi ecosystem

With this collaboration, developers building on Hemi will have immediate access to stablecoin liquidity, ensuring a reliable and efficient financial layer for Bitcoin DeFi.