FAQ
USDH Stablecoin
What is USDH?
USDH is a Solana-native censorship-resistant stablecoin pegged to USD. USDH is overcollateralized by a basket of crypto assets including: SOL, mSOL, BTC, ETH, RAY, SRM, and FTT (with more planned assets in the future).
How does USDH compare to other stablecoins?
USDH is overcollateralized by multiple censorship-resistant crypto assets.
Additionally, the crypto assets accepted as collateral for USDH are heavily vetted to ensure the longevity of USDH's value.
Minting USDH also opens up the opportunity to earn yield on deposited assets and earn rewards from depositing in the USDH Vault.
Where can I use USDH?
USDH is a Solana-native stablecoin that can be used for a range of purposes in DeFi. Hubble is currently working on increasing USDH integrations and use cases. Currently, USDH can be used for:
- Quoting tokens in Raydium pairs
- Holding USDH as a store of value
USDH also plays a big part in the Hubble ecosystem. Users can:
- Deposit USDH back into Hubble to partially or fully repay a loan
- Deposit USDH into Hubble’s USDH Vault (formerly Stability Pool) to help facilitate liquidations, earn liquidation rewards, and HBB
- Earn USDH for staking HBB
Last modified 28d ago