Overview
USDH is a dollar-denominated stablecoin token natively issued on the Hyperliquid network. The token is minted and burned on HyperEVM via an industry-standard, open-sourced, and audited ERC-20 token specification. This ERC-20 token is linked to the USDH token on HyperCore via the HIP-1 native token standard and official linking best-practices.Network Support
HyperEVM
USDH on HyperEVM is the canonical deployment of the token, following the standard ERC-20 specification with additional features for HyperCore integration. Learn more about HyperEVM integration →HyperCore
USDH on HyperCore is enabled via the HIP-1 native token standard and serves as an aligned quote asset for the network. Learn more about HyperCore integration →Security & Transparency
USDH is designed by Native Markets and issued by Bridge, a US-regulated entity. Reserves are managed by industry leaders:- Offchain reserves: Managed by Blackrock and custodied with JPMorgan Chase
- Onchain reserves: Managed by Superstate and custodied in Fireblocks infrastructure
View Reserve Statistics
Access our reserve statistics and attestations on our Transparency Page
Hyperliquid Native
As a function of alignment with the Hyperliquid network, USDH maintains:- 1MM HYPE staked and locked in the USDH deployer address (view on HypurrScan)
- 50% reserve yield contribution to the Assistance Fund for the benefit of the Hyperliquid network
- 50% reserve yield to USDH growth in partnership with the builder-code interfaces, HIP-3 markets, and HyperEVM apps driving adoption on the frontlines
View Contributions
View our current Assistance Fund contributions on our dashboard