USDH is a fiat-backed digital dollar built natively for Hyperliquid. Designed by Native Markets and issued by Bridge Building Inc, USDH delivers a credible, ecosystem aligned, and native dollar solution.
USDH is fully reserved by GENIUS-ready assets such as cash, short-term US treasuries, repo agreements, funds investing in US treasuries and repo agreements (e.g., BlackRock TTTXX), and tokenized versions of the same (e.g., BlackRock BUIDL or Superstate USTB). Cash is held in custody at US-regulated banks, TradFi investment assets are held in custody at JP Morgan Chase, and cryptoassets are held in custody in Bridge’s MPC infrastructure, provisioned by Fireblocks. BPM, a top-40 accounting firm based in San Francisco, reviews and attests to the 1:1 backing of USDH’s reserves each month.
Native Markets contributes 50% of gross revenue to the Hyperliquid Assistance Fund so the protocol can buy back HYPE. The rest of USDH revenue is used to grow USDH and the Hyperliquid ecosystem. As specified by the Aligned Quote Asset (“AQA”) protocol primitive, the AF contribution is made programmatically, onchain.
USDH turned over $3,184 across the venues we index in the last 24 hours, which is 0.01% of its market capitalisation — a figure worth watching, because turnover well above its usual level tends to accompany the sharper moves.
The highest price our index has recorded is $0.9993 on Aug 27, 2026, leaving USDH −0.22% from that peak.
The lowest is $0.9922 on Aug 26, 2026, putting the price today +0.49% above that low.
Measured on Coinmico's own index since Aug 25, 2026, not on prices reported by someone else.
USDH is valued at $21,298,381, which ranks it #830 among the assets we track. It is the price of one coin multiplied by the 21,359,849 USDH in circulation.
At today's price, the full supply of 100,008,833,366 USDH would be worth $99,721,033,934. 0.02% of that supply is already circulating, so the rest is what dilution would still add.
Price divergence
Where the venues behind our reference price disagree.
USDH (USDH) price has decreased today.
The price of USDH (USDH) is $0.9971 today with a 24-hour trading volume of $3,184. This represents a 0.34% price decrease in the last 24 hours and a 0.10% price decrease in the past 7 days. With a circulating supply of 21.4 Million USDH, USDH is valued at a market cap of $21,298,381.
usdh$0.9971-0.34%
