Share this article
Bitcoin-Linked Stablecoin Firm OpenDelta Raises $2.5M
The startup is one of the first to build tokenized tech for Bitcoin's Runes era.
Updated Apr 26, 2024, 6:00 p.m. Published Apr 26, 2024, 12:00 p.m.
Bitcoin-centric stablecoin company OpenDelta raised $2.15 million in a pre-seed round led by 6th Man Ventures, CEO Konstantin Wünscher told CoinDesk.
“We want to use bitcoin to create stable value in a fiat-denominated currency," Wünscher said in an interview.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
OpenDelta will plant itself in the newest greenfield for decentralized finance (DeFi) atop the newest trend in Bitcoin, Runes.
During the Bitcoin halving on April 19, developer Casey Rodarmor created Runes, a way for people to etch fungible tokens onto satoshis, the smallest unit of bitcoin . The DeFi-enabling novelty has since exploded into a behemoth for Bitcoin transactions, per a Dune dashboard from Crypto Koryo.
OpenDelta’s flagship token, USDO, will retain its dollar value by hedging bitcoin deposited by users as collateral. The token won’t go live till May, and even then, it will only be open to waitlisters in a closed beta. But the company behind it plans to bring Runes to other Bitcoin layers as well.
The product will be yield-bearing for its holders, Wünscher said. It will generate this upside from the funding rates in derivatives markets that it trades in to retain its dollar value. To mint USDO, users will deposit bitcoin as collateral into a wallet that will be controlled by "institutional-grade custodians,” according to a press release.
OpenDelta is among the first companies building the new face of DeFi for Bitcoin in the Runes era. As Wünscher sees it, the kind of people who are deeply into Bitcoin (he counts himself as one) aren’t necessarily attuned to the norms and nonsense of Ethereum DeFi, he said.
“We can create new experiences on Bitcoin because people have not been pre-exposed to any other things than Bitcoin,” he said.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
