Reserves Transparency
How is USDH backed?
All USDH is fully backed 1:1 by US Treasuries, cash, and cash equivalents. Offchain reserves are managed by BlackRock and custodied with JPMorgan Chase, while USDH onchain reserves are managed by Superstate and custodied in Fireblocks infrastructure. USDH is designed by Native Markets and issued by Bridge, a US-regulated entity.
Attestations
Third-party attestations are conducted by BPM LLP, and will be made available on a monthly basis via our transparency page.
USDH is structured to maintain a robust redemption buffer designed to support fast, reliable processing of large mints and redemptions at scale. This structure serves to ensure that onboarded users can mint or redeem USDH without interruption, even during periods of elevated demand. As USDH matures, the size and composition of this liquidity buffer may be calibrated over time.