> ## Documentation Index
> Fetch the complete documentation index at: https://docs.usdh.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Reserves & Contributions

> USDH reserve backing and Hyperliquid protocol contributions

## 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.

### Reserve Management

<CardGroup cols={2}>
  <Card title="Offchain Reserves" icon="building-columns">
    **Managed by**: Blackrock

    **Custodied with**: JPMorgan Chase

    Industry-leading asset management and custody for traditional financial assets.
  </Card>

  <Card title="Onchain Reserves" icon="link">
    **Managed by**: Superstate

    **Custodied in**: Fireblocks infrastructure

    Institutional-grade digital asset custody and security.
  </Card>
</CardGroup>

<Card title="View Reserve Statistics" icon="chart-bar" href="https://usdh.com/reserves">
  You may access our reserve statistics and attestations on our Reserves Page
</Card>

## Protocol Contributions

As outlined in the [Native Markets Expanded Proposal](https://nativemarkets.substack.com/p/expanded-proposal-native-markets), 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.