Profile
USDH profile facts
USDH Stablecoin (USDH) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
Other coins using the USDH ticker
- Hermetica USDh (USDh) · Active · US Dollar. Hermetica's synthetic dollar on Stacks now has predominantly tokenized STRC digital-credit backing.
- Hubble USDH (USDH) · Active · US Dollar. USDH is Hubble Protocol's decentralized Solana stablecoin backed by overcollateralized CDP vaults and USDC held through its Peg Stability Module.
- Collateral
- Held reserves per the March 2026 attestation: tokenized asset-backed tokens (Superstate USTB ~65%, USDC ~13%), US government money market funds (~22%), and cash and cash equivalents at US-regulated banks (~1%). Eligible reserves per the stablecoin terms also include short-term US Treasury bills (<=3 months), overnight reverse repurchase agreements collateralized by US Treasuries, deposit accounts, and tokenized versions of these assets. Offchain reserves managed by BlackRock and custodied with JPMorgan Chase; onchain reserves managed by Superstate and custodied via Fireblocks MPC infrastructure. Designed by Native Markets, issued by Bridge Building Inc. (a subsidiary of Stripe, Inc., incorporated in Delaware).
- Peg mechanism
- Direct 1:1 mint/redemption through Bridge Building Inc. (a Stripe subsidiary, FinCEN MSB); fully reserved by cash and cash equivalents, US government money market funds, and asset-backed tokens (Superstate USTB, USDC); monthly independent-accountant (BPM LLP) attestations under the AICPA 2025 Criteria for Stablecoin Reporting (Asset-Backed Fiat Pegged Tokens)
- Jurisdiction
- United States / FinCEN / Money Services Business (Bridge Building, Inc.)
- Proof of reserves
- Independent Audit by BPM LLP Reserve source
- Contracts
- 2 deployments tracked across HyperEVM and Hyperliquid L1.
Source: Pharos registry profile fields. This inactive record does not participate in current live monitoring.
USDH quick answers
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What is USDH Stablecoin (USDH)?
USDH is Native Markets' Hyperliquid dollar stablecoin issued by Bridge (Stripe), redeemable 1:1 against cash, U.S. Treasuries, repos, and tokenized treasuries. The static profile records its US Dollar peg mechanism as: Direct 1:1 mint/redemption through Bridge Building Inc. (a Stripe subsidiary, FinCEN MSB); fully reserved by cash and cash equivalents, US government money market funds, and asset-backed tokens (Superstate USTB, USDC); monthly independent-accountant (BPM LLP) attestations under the AICPA 2025 Criteria for Stablecoin Reporting (Asset-Backed Fiat Pegged Tokens).
Is USDH safe?
USDH Stablecoin is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a Centralized (CeFi) governance model, Real-World Asset Backed backing, Independent Audit from BPM LLP, and notes that issuer or admin freeze controls are recorded.
What backs USDH?
The archived Pharos profile records USDH's reserves as 64.7% Tokenized treasuries (Superstate USTB), 21.7% Government money market funds (CUSIP 09248U551), 12.6% USDC (asset-backed token), and 1 smaller holding. Reserve evidence: Independent Audit by BPM LLP. Pharos classifies the backing as Real-World Asset Backed.
Can USDH be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. USDH is a frozen Pharos archive; the recorded history below is read-only.
