USDH Markets
Trade everything. Quoted in USDH.
Monitor crypto, equities, commodities, FX, and pre-IPO markets, all quoted in USDH on Hyperliquid. Available 24/7. Lowest fees. Deep liquidity.*
Why USDH
The native quote asset built for Hyperliquid.
Lower Taker Fees
USDH-quoted markets carry reduced taker fees under Hyperliquid's AQA framework — automatically applied on every trade.
Higher Maker Rebates
Provide liquidity in USDH-quoted markets and earn significantly enhanced maker rebates compared to non-AQA pairs.
Volume Contribution
USDH trading volume counts toward your overall Hyperliquid fee tier — unlock lower rates faster by consolidating volume.
Asset Classes
One stablecoin. Every market.
USDH is the settlement layer across Hyperliquid's expanding universe of tradeable assets.
Spot Crypto
Equities
Equity Indices
Pre-IPO
Commodities
Sector Baskets
Bonds
FX
Native Advantage
Not bridged. Native.
Most stablecoins on Hyperliquid are bridged from other chains — carrying counterparty risk and bridge latency. USDH is natively issued on Hyperliquid, backed 1:1 by US Treasuries and cash, custodied with JPMorgan Chase, and managed by BlackRock.
Fully Backed 1:1
US Treasuries, cash, and cash equivalents. No fractional reserves. No algorithmic mechanisms.
Institutional Custody
Reserves custodied with JPMorgan Chase. Reserve management by BlackRock. Issued by Bridge (Stripe).
50% Reserve Yield to Hyperliquid
Half of all USDH reserve yield is directed to the Hyperliquid Assistance Fund, where it is converted to HYPE and removed from circulation permanently.
Zero-Slippage Bridge
Bridge USDC from any major chain to USDH on Hyperliquid with zero slippage. No AMM. No price impact.
You are responsible for your use of USDH. Laws, regulations, and platform restrictions vary depending on who and where you are. You must ensure that your use of USDH, and any protocols or markets you interact with, is permitted under the rules that apply to you. Native Markets does not control activity that occurs onchain or through third-party protocols and markets. Markets listed here are provided for informational purposes only and do not constitute an endorsement or recommendation.