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TechFlow reported, according to Coindesk, OpenDelta, a Bitcoin-focused stablecoin company, has announced the completion of a $2.5 million Pre-Seed funding round led by 6th Man Ventures.
OpenDelta's stablecoin USDO will maintain its dollar peg by hedging against Bitcoin deposited by users as collateral, and the token is set to launch in May.
According to Coindesk, OpenDelta, a Bitcoin-focused stablecoin company, has announced the completion of a $2.5 million Pre-Seed funding round led by 6th Man Ventures. USDO, the stablecoin launched by OpenDelta, will maintain its dollar peg by hedging the Bitcoin deposited by users as collateral, and the token is set to launch in May.
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