# USDH Stablecoin ### **What is 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. All USDH in existence is minted from Hubble Protocol. Users can mint USDH by depositing their crypto assets into Hubble. By depositing collateral, a user enables the minting of USDH, thus bringing more USDH into circulation. ### Why USDH? As in Traditional Finance, a Decentralized Financial System requires a stable currency. USDH is a Solana-native stable token that can be a store of value, a medium of exchange, or a unit of account in Decentralized Finance. Once acquired, either by minting from Hubble, swapping on the open market, or receiving it from another entity, USDH can be used to earn yield across Solana, as means of payment, or to earn native rewards on Hubble via liquidations and the Hubble Native Yield. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.hubbleprotocol.io/faq/usdh-stablecoin.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.