USDH Price Statistics
|ATH Market Cap||$ 3,920,887|
|24h Trade Volume|
|Vol (24h) / MCap|
|Total Supply||USDH 3,906,059|
|All Time High|
(30 Jun 2022)
USDH is the Hubble-issued stablecoin pegged to USD. USDH is backed by a basket of crypto assets, including: SOL, mSOL, BTC, ETH, RAY, SRM, and FTT (with more planned assets in the future). USDH is censorship-resistant, and it has zero exposure to fiat-backed assets. USDH remains pegged to the dollar through a highly efficient arbitrage mechanism facilitated by redeeming USDH on Hubble for collateral assets. Since Hubble charges a one-time fee for minting and redeeming USDH, it’s profitable to arbitrage USDH when its market price rests between the values of 0.995 USD and 1.005 USD.
USDH is backed 100% by censorship-resistant crypto assets. Many other stablecoins have points of failure that include exposure to fiat-backing in some way. 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 Stability Pool.
USDH is a Solana-native stablecoin that can be used for a range of purposes in DeFi:
USDH also plays a big part in the Hubble ecosystem — most importantly, USDH is used to repay loans. Users can:
USDH's current price is $ 0.996, it has dropped -0.03% over the past 24 hours.
USDH's All Time High (ATH) of $ 2.35 was reached on 30 Jun 2022, and is currently -57.6% down.
The current circulating supply of USDH is 3.91 Million tokens, and the maximum supply of USDH is 3.91 Million.
USDH’s 24 hour trading volume is $ 290.16 Thousands.
USDH's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 3.89 Million.