The current real-time price of USDH is $0.9973. In the past 24 hours, USDH has traded between $0.9830 and $0.9994, showing strong market activity. The all-time high of USDH is $1.66, and the all-time low is $0.0192.
From a short-term perspective, the price change of USDH over the past 1 hour is , over the past 24 hours is -0.32%, and over the past 7 days is -0.04%. These figures provide a quick overview of the latest price trends and market dynamics of USDH on LBank.-0.38%
The live price of USDH today is $0.9973, with a current market cap of $0. The 24-hour trading volume is 2K. The price of USDH to USD is updated in real time.
Before deciding whether to buy or sell USDH, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s USDH technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for USDH.
How much will USDH be worth tomorrow, next week, or next month in ? What about your USDH assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! USDH Price Prediction
To learn more about USDH, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
solana | 9uyDy9...CtVKcX  | 543.346K | 38.22% |
solana | CpNGqi...UtQLQy | 283.441K | 19.94% |
solana | H66xGa...QXwc3m | 207.363K | 14.58% |
solana | A7sFcs...c3Maet | 78,724.16 | 5.54% |
solana | 963Do8...ne1SX5 | 62,307.79 | 4.38% |
Other | 246.628K | 17.35% |
Hyperliquid's USDH is the native stablecoin for the Hyperliquid decentralized perpetual futures exchange. It is issued by Native Markets, a US-regulated entity, to provide a stable, dollar-pegged asset for trading activities on the platform. Unlike many stablecoins, USDH is designed to integrate its reserve yield directly into the Hyperliquid ecosystem.
Hyperliquid's USDH is fully backed 1:1 by a combination of U.S. Treasuries, cash, and cash equivalents. Its off-chain reserves are managed by BlackRock and custodied by JPMorgan Chase, ensuring traditional financial stability. For on-chain transparency and management, Superstate and Fireblocks handle the on-chain reserve components. This dual-layered backing aims to provide robust collateralization.
Hermetica's USDh maintains its dollar peg using a unique delta-neutral strategy. The protocol combines spot Bitcoin holdings with a corresponding short perpetual futures position. This mechanism effectively cancels out exposure to Bitcoin's price movements, ensuring that the value of one USDh consistently remains equivalent to one USD, regardless of BTC price fluctuations. This allows it to operate outside traditional banking systems while providing stability.
The primary difference lies in their backing mechanisms and native ecosystems. Hyperliquid's USDH is a fiat-collateralized stablecoin, primarily backed by U.S. Treasuries and cash, designed for the Hyperliquid exchange. In contrast, Hubble Protocol's USDH is a decentralized, crypto-collateralized stablecoin native to the Solana blockchain, backed by deposited crypto assets like SOL, BTC, and ETH, similar to how other decentralized stablecoins function.
Hubble Protocol's USDH is backed by crypto assets through an over-collateralization model. Users deposit various cryptocurrencies, such as SOL, BTC, and ETH, into a smart contract as collateral to mint USDH. To protect against volatility and maintain stability, the value of the deposited collateral must be significantly higher than the amount of USDH minted. This mechanism ensures that even with price fluctuations in the underlying crypto, the stablecoin remains fully collateralized.
Using Hyperliquid's USDH offers several advantages within its ecosystem. Users can benefit from deep liquidity and execution savings, alongside reduced taker fees by 20% and increased maker rebates by 50%. It also mitigates bridge risks often associated with moving assets between different chains. Furthermore, 50% of the USDH reserve yield is directed to Hyperliquid's Assistance Fund, aiming to keep value within the ecosystem rather than accruing solely to an issuer.
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