Built for Hyperliquid
The Hyperliquid Stablecoin
USDH offers the lowest trading fees on Hyperliquid, with reserve yield that flows back to the ecosystem.
The cheapest way to trade on Hyperliquid.
USDH is the first and only Aligned Quote Asset ↗ on Hyperliquid, delivering lower taker fees, enhanced maker rebates, and faster access to fee discount tiers. Learn more here →
Lower Fees
Trade with USDH on Hyperliquid and enjoy reduced taker fees.
Higher Maker Rebates
Earn more from providing liquidity. USDH-quoted markets offer enhanced maker rebates on Hyperliquid.
Higher Volume Contribution
USDH trading volume counts toward your overall fee tier, helping you unlock lower rates faster.
Onramp directly
Your bank to Hyperliquid. Nothing in between.
Authorized users can mint and redeem USD directly from their bank 1:1 for USDH, no CEX required.
Sign up here ↗ for early access to Hyperliquid’s native onramp.
Transparent infrastructure
Built on bedrock.
USDH reserves are managed by BlackRock, custodied at JPMorgan, and verified onchain by Superstate.
Fully Backed 1:1
Every USDH is backed by US Treasuries, cash, and cash equivalents. No fractional reserves.
Monthly Attestations
Every month, an independent auditor provides monthly attestations for USDH reserve backing.
Transparent Reserves
Reserve composition and custodian details are publicly available at all times.
100% of USDH reserve yield goes back to the ecosystem.
The only stablecoin that returns yield to Hyperliquid.
To Hyperliquid Assistance Fund
To USDH Growth & Builders