Hubble Protocol's USDH is backed at least 150% by a basket of decentralized crypto assets including SOL, mSOL, BTC, ETH, RAY, SRM, and FTT. Additional tokens will be whitelisted for borrowing in the future after passing a rigorous vetting process.
USDH is a Solana-native SPL token that can be used for anything stablecoins are used for in DeFi: pairing for liquidity on AMMs, bonding for tokens, or held as a store of value.
Users can deposit USDH in Hubble's Stability Pool to earn a share of liquidations during market downturns. By helping cover bad debt and keeping the system healthy, Stability Pool providers gain access to bluechip tokens at a steep discount through liquidations
Where is USDH available for purchase?
You can exchange USDH tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading USDH is Orca, notably the USDH/USDC pair, which saw a trading volume of $ 3,831.27 in the past day. Additionally, Raydium and Saros AMM are popular alternatives for trading tokens.
What is the highest value USDH (USDH) has ever reached?
USDH (USDH) reached its peak price at 1.66 $ on 22 November 2023, approximately 2 years ago ago. Presently, the current price is -39.92% lower than this all-time high.
What is the historical minimum price for USDH (USDH)?
The minimum price reached for USDH (USDH) was 0.01925 $, documented on 25 March 2022, more than 3 years ago. In comparison, the current price is 5,078.11%, it above this historical low.
What is the fully diluted valuation of USDH (USDH)?
The fully diluted valuation (FDV) of USDH (USDH) stands at $ 1,61 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of USDH tokens. The realization of this FDV might take several years depending on the emission schedule of USDH tokens.