Top USDH vaults Beta
About USDH (Hyperliquid / Native Markets)
USDH is Hyperliquid's native stablecoin, issued by Native Markets after winning a competitive validator vote in September 2025. It is fully backed by cash and US Treasury equivalents with reserves managed by BlackRock and onchain by Superstate through Bridge. Half of USDH's reserve yield funds HYPE buybacks and the other half supports ecosystem growth.
Current TVL and profit in USDH vaults
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