USDH Price(USDH)

USDH is a Web3 project primarily known as the native stablecoin of the Hyperliquid decentralized exchange ecosystem. It is designed to be dollar-pegged and aims to internalize yield revenue for Hyperliquid, enhance the protocol's sovereignty, and reduce its reliance on external stablecoins. Native Markets was selected as the issuer of this USDH through a competitive bidding process and a validator vote on Hyperliquid, which concluded on September 15, 2025. This version of USDH is fiat-collateralized, meaning it is backed one-to-one by U.S. Treasuries, cash, and cash equivalents. Off-chain reserves are managed by BlackRock and held with JPMorgan Chase, while on-chain reserves are managed by Superstate and custodied in Fireblocks infrastructure. The issuance and compliance processes are handled through Stripe's Bridge platform. USDH is deployed natively on Hyperliquid's HyperEVM network, and it went live on the Hyperliquid mainnet on September 24, 2025. Its utilities include enabling gas-free payments, supporting noncustodial financial primitives, and providing deep liquidity for on-chain markets. Users on Hyperliquid may benefit from lower taker fees and higher maker rebates when trading with USDH. The project also emphasizes regulatory compliance, aligning with frameworks like the GENIUS Act. A portion of the yield generated from its reserves is directed towards HYPE token buybacks for the Hyperliquid ecosystem and funding ecosystem growth initiatives. It is important to note that another project also uses the USDH ticker. This alternative USDH, associated with Hubble Protocol, is a crypto-backed stablecoin built on the Solana blockchain. It is soft-pegged to the US Dollar and collateralized by a basket of various crypto assets deposited into a Hubble Smart Contract. Learn more

Looking to buy How to buy USDH? The process is simple and hassle-free! You can easily purchase USDH on LBank by following our step-by-step buying guide. We provide detailed instructions and video tutorials showing how to register on LBank and use various convenient payment options.

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