The Bitcoin-focused stablecoin company OpenDelta has completed a $2.15 million financing round, led by 6th Man Ventures
ChainCatcher news, according to CoinDesk, the Bitcoin-focused stablecoin company OpenDelta announced the completion of a $2.15 million pre-seed funding round led by 6th Man Ventures.
The company's CEO Konstantin Wünscher stated that OpenDelta aims to create a stable value denominated in fiat currency using Bitcoin. OpenDelta is one of the first companies to establish tokenization technology for the Bitcoin Runes era. The flagship token planned by OpenDelta, USDO, will maintain its dollar value through collateralized Bitcoin and is set to launch in May, initially available only to users on the waiting list during a closed testing phase. Additionally, OpenDelta plans to expand the Runes technology to other layers of Bitcoin.
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