9, Stacks revealed that the new yield program will be available for a limited time, giving users the opportunity to earn a high return on their USDh holdings. What is Stacks? Stacks is a decentralized network that allows for the development of smart contracts and decentralized applications (DApps) on the Bitcoin blockchain. It enables developers to build DApps without needing to learn a new programming language, making it an attractive platform for those already familiar with Bitcoin. What is a stablecoin? A stablecoin is a type of cryptocurrency that is pegged to a stable asset, such as a fiat currency or a commodity, in order to minimize price volatility. In the case of USDh, it is pegged to the US dollar, making it a reliable store of value for users. What is the significance of the 35% APY? The 35% APY announced by Stacks is significantly higher than the current average yield for stablecoins, which is around 10-12%. This makes it an attractive opportu...
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