USDH USDH

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 price analysis

At the time of writing, USDH (USDH) trades at $1.00, with a 24-hour trading volume of $11.66M and a total market capitalization of $21.37M. The asset is currently ranked #873 among all tracked cryptocurrencies by market cap.

Over the last 24 hours, the USDH price has rose +0.04%. On the seven-day chart, USDH has climbed +0.05%, showing consistent upward momentum across both timeframes. Short-term price swings are often amplified by liquidity conditions, news flow, and derivatives positioning, so traders should confirm signals across multiple indicators before acting.

USDH's all-time high of $1.11 was set on October 11, 2025. The current market price is +10.27% below that historical peak. Distance from the all-time high is a common reference point when evaluating long-term recoveries and identifying macro support or resistance levels.

How to buy USDH

Buying USDH (USDH) is straightforward once you know which exchange to use and which trading pair offers the best liquidity. The steps below describe the typical flow used by most investors today.

1. Choose a reputable exchange. Pick a platform that lists USDH with deep liquidity, transparent fees, and strong security practices. Our top-rated exchanges guide compares the leading venues side-by-side.
2. Create and verify your account.Complete the exchange's KYC process — most platforms require a government-issued ID and a short identity check. Verification is usually a one-time step that takes just a few minutes.