Native Markets USDH stablecoin vaults
- This stablecoin does not have a price feed available at the moment and we are unable to display peg/depeg rates.
About USDH vaults
Native Markets USDH is used in 2 stablecoin vaults with $24.3K TVL across 1 protocol. The largest vaults are Felix USDH, Felix USDH (Frontier) and the most popular vault protocol is Morpho. The last 30 days' average yield is 0.6%.
About Native Markets USDH
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.
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| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Felix USDH Morpho | 1.1% | 1.4% | 3.2% | 16.7 | 0.3% | -0.3% | USDH | $13.56K $29.20M | 0.8 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Felix USDH (Frontier) Morpho | 0.0% | 6.0% | 3.9% | 9.9 | 1.4% | -0.0% | USDH | $10.75K $24.54M | 0.7 | 0.0%/ 10.0% | Instant | Negligible |  |
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