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.
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.