USDH
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USDH to USD converterUSDH
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Stablecoin
Asset-Backed Stablecoin
About USDHUSDH (US Dollar Hyperliquid) is a stablecoin native to the Hyperliquid protocol, a decentralized derivatives exchange designed to provide ultra-low-latency, high-throughput trading for perpetual futures and spot markets with institutional-grade infrastructure. Built on a custom blockchain optimized for derivatives trading, USDH serves as the settlement layer for all trading activity on Hyperliquid while maintaining a $1 peg through algorithmic mechanisms and collateral management integrated directly into the exchange protocol. USDH enables efficient funding rate capture and position settlement without requiring external stablecoin infrastructure or bridge protocols, positioning it as a specialized stablecoin designed specifically for high-frequency derivatives trading rather than general-purpose DeFi use. The stablecoin accrues value through transaction volumes and funding rate arbitrage within Hyperliquid's ecosystem, creating a cash-flow-generating mechanism tied to derivatives trading activity. Launched as core infrastructure for Hyperliquid's protocol, USDH has attracted sophisticated traders and market makers seeking ultra-low-latency settlement and efficient capital deployment in perpetual futures markets. Trading on Hyperliquid's native exchange with institutional-grade liquidity, USDH's market performance has been driven by growth in high-frequency derivatives trading volume and recognition as specialized infrastructure optimized for professional trading workflows — though limited composability outside Hyperliquid's ecosystem constrains its role as a universal stablecoin or DeFi primitive.
Assets Details
Access Model
PermissionlessRedeemable
YesAttestations
NoCEX Listed
YesKYC to mint or redeem
YesTransferable
YesSelf Custody
Yes