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Summary of USDH
- USDH is a censorship-resistant, crypto-backed stablecoin soft-pegged to the US Dollar.
- USDH is fully collateralized by a basket of crypto assets deposited into a Hubble Smart Contract.
- USDH is Solana-native and can be held in any Solana wallet.
- For every 1 USDH on the market, more than $1 of crypto is deposited into Hubble.
- USDH is minted from Hubble Protocol by depositing crypto assets as collateral.
- Users can mint USDH by depositing collateral, bringing more USDH into circulation.
Numbers and Figures:
- $
About USDH: A Stablecoin Pegged to the US Dollar
USDH is a decentralized, censorship-resistant stablecoin, softly pegged to the value of the US Dollar. It is fully collateralized by a diversified portfolio of crypto assets, securely deposited within a Hubble Smart Contract, ensuring a robust and reliable store of value.
USDH is inherently native to Solana, and as such, can be seamlessly stored in any Solana-compatible wallet. Notably, for every single USDH in circulation, a collateralization ratio of over 1:1 is maintained, wherein more than $1 worth of cryptocurrency is deposited into Hubble for every 1 USDH in existence.
All existing USDH is minted through the Hubble Protocol. By depositing their crypto assets as collateral into Hubble, users can mint USDH, thereby increasing its circulation.