Built for onchain finance
The Hyperliquid Stablecoin
USDH offers the lowest fees and fastest free onramp to Hyperliquid.
USDH DashboardA stablecoin built natively.
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
Takers enjoy reduced fees on USDH-quoted markets.
Higher Maker Rebates
Earn more from providing liquidity. USDH-quoted markets offer enhanced maker rebates on Hyperliquid.
Higher Volume Contribution
USDH trading volume is amplified toward your overall fee tier, helping you unlock lower rates faster.
Onramp directly
From your bank to Hyperliquid. Seamlessly.
Onboarded users can mint and redeem USD directly from their bank 1:1 for USDH.
Access in the dashboard ↗ to use Hyperliquid’s native onramp.
Transparent infrastructure
Built on bedrock.
USDH reserves are managed by BlackRock and Superstate. Reserves are custodied with JPMorgan and Fireblocks infrastructure.
Fully Backed 1:1
Every USDH is backed by US Treasuries, cash, and cash equivalents.
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.
1 Million HYPE tokens staked as a long-term commitment to the ecosystem. The only stablecoin that returns value to Hyperliquid.
To Hyperliquid Assistance Fund
To USDH Growth & Builders
* You are responsible for your use of USDH. Laws, regulations, and platform restrictions vary depending on who and where you are. You must ensure that your use of USDH, and any protocols or markets you interact with, is permitted under the rules that apply to you. Native Markets does not control activity that occurs onchain or through third-party protocols and markets.