The current real-time price of USDH is $1. In the past 24 hours, USDH has traded between $0.9961 and $1.003, showing strong market activity. The all-time high of USDH is $1.11, and the all-time low is $0.7168.
From a short-term perspective, the price change of USDH over the past 1 hour is , over the past 24 hours is +0.01%, and over the past 7 days is 0.00%. These figures provide a quick overview of the latest price trends and market dynamics of USDH on LBank.-0.01%
The live price of USDH today is $1, with a current market cap of $21.359M. The 24-hour trading volume is 27M. 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:
Hyperliquid's USDH is designed to keep revenue within its ecosystem. Unlike traditional stablecoin issuers that retain interest from reserves, USDH reserves share 50% of their yield. This portion is specifically used to buy back the protocol’s native token, $HYPE, fostering greater alignment and benefit for the community. This model directly supports the growth and value of the native platform token, making it a unique value proposition compared to other stablecoin options.
As a fiat-backed stablecoin, USDH's safety is rooted in its reserves, which consist of U.S. Treasuries and cash. These reserves are managed through a dedicated platform for managing reserves, utilizing institutional-grade custody solutions. This robust framework minimizes off-chain risk and ensures the underlying assets are securely held by reputable entities. Users can have confidence in the backing given these established financial safeguards and the transparency of the management process.
USDH from Hubble Protocol is minted by depositing various crypto assets, such as SOL, ETH, or mSOL, into a Hubble Smart Contract. This process typically requires over-collateralization, meaning you deposit more value in collateral than the USDH you wish to mint. It functions similarly to borrowing, where your deposited assets act as security for the stablecoin you receive, allowing users to leverage their holdings without selling them directly.
If the value of your deposited collateral for minting Hubble Protocol's USDH falls below a predefined over-collateralization ratio (e.g., 150%), your position becomes subject to liquidation. In such an event, the protocol automatically sells a portion of your collateral to repay the outstanding USDH debt, ensuring the stability and solvency of the system. This mechanism protects the protocol from under-collateralized loans and helps maintain the USDH peg at its intended value.
Hermetica's USDh achieves stability through a sophisticated delta-neutral strategy. While it holds Bitcoin as backing, it simultaneously takes an equivalent 'short' position in the futures market. This effectively cancels out the price volatility of Bitcoin. If Bitcoin's price rises, the short position loses value, but the underlying Bitcoin gains, and vice versa. This balanced approach ensures the synthetic dollar value remains stable despite the fluctuations of the underlying Bitcoin asset.
The yield generated by Hermetica's USDh primarily comes from funding rate payments in the futures market. In bullish market conditions, traders holding 'long' positions on Bitcoin futures typically pay a periodic fee to those holding 'short' positions. Since Hermetica employs a delta-neutral strategy that involves shorting Bitcoin futures to maintain stability, it benefits by receiving these funding rate payments from long traders, which then constitutes the attractive yield for USDh holders.
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