Profile
USDH profile facts
Hubble USDH (USDH) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
Other coins using the USDH ticker
- USDH Stablecoin (USDH) · Frozen · US Dollar. USDH is Native Markets' Hyperliquid dollar stablecoin issued by Bridge (Stripe).
- Hermetica USDh (USDh) · Active · US Dollar. Hermetica's synthetic dollar on Stacks now has predominantly tokenized STRC digital-credit backing.
- Collateral
- 94.4468% USDC in the Peg Stability Module and 5.5532% CDP-backed issuance; the reviewed CDP branch is split across mSOL, SOL, kUSDH-USDC Orca kToken, daoSOL, BTC, and grouped residual collateral.
- Peg mechanism
- Borrowers mint USDH against overcollateralized Solana vaults, while the Peg Stability Module supports zero-slippage USDH/USDC conversion and holds deposited USDC as direct backing
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Solana.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USDH quick answers
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What is Hubble USDH (USDH)?
USDH is Hubble Protocol's decentralized Solana stablecoin backed by overcollateralized CDP vaults and USDC held through its Peg Stability Module. The static profile records its US Dollar peg mechanism as: Borrowers mint USDH against overcollateralized Solana vaults, while the Peg Stability Module supports zero-slippage USDH/USDC conversion and holds deposited USDC as direct backing.
Is USDH safe?
As of Nov 8, 2026, Pharos grades USDH D (42/100) on its Safety Score. Pharos's reviews record that freeze exposure is inherited through upstream collateral, custody or wrappers, and any holder can use its reviewed redemption route. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs USDH?
Pharos records USDH's reserves as of Aug 8, 2026 as 94.4% USDC in Hubble Peg Stability Module, 3.1% mSOL CDP collateral, 1.2% SOL CDP collateral, and 4 smaller holdings. Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.
Can USDH be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies.
How do you redeem USDH?
Under the route Pharos reviewed on Aug 12, 2026, any holder can redeem USDH for USDC. Redemption settles atomically on-chain. The reviewed redemption fee is 0.5%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
