USDH is a fiat-backed digital dollar built natively for Hyperliquid. Designed by Native Markets and issued by Bridge Building Inc, USDH delivers a credible, ecosystem aligned, and native dollar solution.
USDH is fully reserved by GENIUS-ready assets such as cash, short-term US treasuries, repo agreements, funds investing in US treasuries and repo agreements (e.g., BlackRock TTTXX), and tokenized versions of the same (e.g., BlackRock BUIDL or Superstate USTB). Cash is held in custody at US-regulated banks, TradFi investment assets are held in custody at JP Morgan Chase, and cryptoassets are held in custody in Bridge’s MPC infrastructure, provisioned by Fireblocks. BPM, a top-40 accounting firm based in San Francisco, reviews and attests to the 1:1 backing of USDH’s reserves each month.
Native Markets contributes 50% of gross revenue to the Hyperliquid Assistance Fund so the protocol can buy back HYPE. The rest of USDH revenue is used to grow USDH and the Hyperliquid ecosystem. As specified by the Aligned Quote Asset (“AQA”) protocol primitive, the AF contribution is made programmatically, onchain.
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 Hyperliquid, notably the USDH/USDC pair, which saw a trading volume of $ 1,37 MLN. in the past day. Additionally, Project X and UltraSolid V3 are popular alternatives for trading tokens.
What is the highest value USDH (USDH) has ever reached?
USDH (USDH) reached its peak price at 1.11 $ on 10 October 2025, approximately a month ago ago. Presently, the current price is -9.97% lower than this all-time high.
What is the historical minimum price for USDH (USDH)?
The minimum price reached for USDH (USDH) was 0.7168 $, documented on 10 October 2025, more than a month ago. In comparison, the current price is 39.39%, it above this historical low.
What is the fully diluted valuation of USDH (USDH)?
The fully diluted valuation (FDV) of USDH (USDH) stands at $ 100,02 BN.. 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.