USDH Markets
Trade everything. Settle in USDH.
Crypto, equities, commodities, forex, and pre-IPO markets — all quoted in USDH on Hyperliquid. Open 24/7. Lower fees. Deeper liquidity.
61 markets
Any market, anytime, anywhere — no waiting for opening bells.
Why USDH
The native quote asset for Hyperliquid.
USDH isn't just another stablecoin listed on an exchange. It's the Aligned Quote Asset (AQA) — structurally embedded into Hyperliquid's fee engine. Every USDH-quoted trade earns you advantages no other stablecoin can match.
Lower Taker Fees
USDH-quoted markets carry reduced taker fees under Hyperliquid's AQA framework — automatically applied on every trade.
Higher Maker Rebates
Provide liquidity in USDH-quoted markets and earn significantly enhanced maker rebates compared to non-AQA pairs.
Volume Contribution
USDH trading volume counts toward your overall Hyperliquid fee tier — unlock lower rates faster by consolidating volume.
Asset Classes
One stablecoin. Every market.
From Bitcoin spot to NVIDIA equity derivatives, USDH is the settlement layer across Hyperliquid's expanding universe of tradeable assets.
Spot Crypto
BTC, ETH, HYPE, and native Hyperliquid tokens
BTC, ETH, HYPE, STHYPE
Stocks
Individual equities from US, China, and global markets
NVDA, TSLA, AAPL, GOOGL
Precious Metals
Gold, silver, platinum, palladium, and copper
GOLD, SILVER, PLATINUM
Equity Indices
Major market indices and thematic baskets
US500, USTECH, JPN225
Sector Baskets
Curated exposure to frontier technology sectors
DEFENSE, BIOTECH, NUCLEAR
Pre-IPO
Trade pre-public companies before they list
ANTHROPIC, OPENAI, SPACEX
Energy
Oil, gas, and energy sector exposure
USOIL, GAS, ENERGY
Bonds & Forex
Fixed income and currency markets onchain
USBOND, EUR
Native Advantage
Not bridged. Native.
Most stablecoins on Hyperliquid are bridged from other chains — carrying counterparty risk and bridge latency. USDH is natively issued on Hyperliquid, backed 1:1 by US Treasuries and cash, custodied with JPMorgan Chase, and managed by BlackRock.
Fully Backed 1:1
US Treasuries, cash, and cash equivalents. No fractional reserves. No algorithmic mechanisms.
Institutional Custody
Reserves custodied with JPMorgan Chase. Reserve management by BlackRock. Issued by Bridge (Stripe).
50% Reserve Yield to Hyperliquid
Half of all USDH reserve yield is irreversibly contributed to the Hyperliquid Assistance Fund, converting to HYPE for the network.
Zero-Slippage Bridge
Bridge USDC from any major chain to USDH on Hyperliquid with zero slippage. No AMM. No price impact.
Get Started
Start trading with USDH.
Bridge from any supported chain and start trading across 60+ markets with lower fees and deeper liquidity.