OpenDelta raises $2.5 million to build Bitcoin-based stablecoin using Loon

OpenDelta’s flagship token, USDO, maintains its dollar value by hedging the Bitcoin (BTC) deposited by users as collateral. The token won’t be activated until May, and even then it will only be available to waitlists in the private beta. However, the company behind it plans to introduce Rune to other Bitcoin layers as well.