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Reserve Backing

All USDH is fully backed 1:1 by US Treasuries, cash, and cash equivalents. This ensures that every USDH token in circulation is supported by real-world assets held by trusted financial institutions. USDH is designed by Native Markets and issued by Bridge, a US-regulated entity.

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Reserve Management

Offchain Reserves

Managed by: BlackrockCustodied with: JPMorgan ChaseIndustry-leading asset management and custody for traditional financial assets.

Onchain Reserves

Managed by: SuperstateCustodied in: Fireblocks infrastructureInstitutional-grade digital asset custody and security.

View Reserve Statistics

You may access our reserve statistics and attestations on our Transparency Page

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Protocol Contributions

As outlined in the Native Markets Expanded Proposal, 50% of USDH reserve yield is irreversibly contributed to the Assistance Fund for the benefit of the Hyperliquid network. The remaining 50% of USDH reserve yield is dedicated to USDH growth in partnership with the builder-code interfaces, HIP-3 markets, and HyperEVM apps driving adoption on the frontlines.