USDH
Stablecoin-Profil
USDH (USDH) ist ein krypto-besicherter Stablecoin: Nutzer prägen USDH, indem sie andere Krypto-Assets überbesichert hinterlegen. Aktuell sind 1,2 Mio. $ im Umlauf, verteilt auf 1 Blockchain-Netzwerke. Die USD-Bindung wird über Liquidations-Auktionen gehalten, wenn der Kollateralwert unter den geforderten Schwellenwert fällt. Preisfeed bezogen über defillama.
Über USDH (USDH)
USDH is a censorship-resistant, crypto-backed stablecoin on Solana, soft-pegged to the US Dollar. USDH is fully collateralized by a basket of crypto assets, deposited into a Hubble Smart Contract.
Using the Hubble Protocol app, users mint USDH by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back USDH is burned.
Jüngste Angebotsaktivität
USDH (USDH) supply expanded by 24,5 $ in the last 24 hours, expanded by 128,4 $ (+0.01%) over the past week, and expanded by 518,9 $ (+0.04%) over the past 30 days.
Steady issuance: supply has held roughly flat (0.04% over 30 days), consistent with mature stablecoin liquidity dynamics.
Supply-Verlauf
Network distribution
USDH circulates across 1 blockchain network. Solana hosts the largest share at 100.00%. Cross-chain distribution has remained broadly stable over the past 30 days.
| Kette | Angebot | Anteil | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Solana | 1,2 Mio. $ | 100.00% | +0.00% | +0.04% |
Verlauf der Peg-Stabilität
As a crypto-collateralised stablecoin, USDH (USDH) maintains its 1.00 USD target by holding excess on-chain collateral and routing redemptions through automated liquidation auctions. Spot price is currently $0.9970 (-0.302%); short-term excursions of this magnitude are typically arbitraged away within hours via the protocol's open mint/redeem mechanics.
Wie crypto-collateralised-Stablecoins ihren Peg verteidigen
Crypto-collateralised stablecoins like this one over-collateralise positions — borrowers must lock more than $1.00 of crypto for each $1.00 of stablecoin minted. If collateral value falls below the required ratio, the position is automatically liquidated in an open Dutch auction. Arbitrageurs can always mint and redeem against the protocol's contracts, which keeps the secondary-market price tightly bounded around $1.00. The main residual risks are sudden crypto-collateral crashes that outpace the liquidation engine, and oracle failure.
Praktische Auswirkungen für Inhaber
- Collateral volatility is the dominant risk: a fast drawdown in the collateral asset can outpace liquidation auctions and leave the protocol under-collateralised.
- Oracle risk: the protocol relies on price feeds (typically Chainlink or a multi-oracle setup). Oracle manipulation or delay during volatile markets has historically caused peg excursions.
- Governance risk: parameter changes (collateral types, liquidation ratios, debt ceilings) are decided by token-holder votes. Sudden governance attacks remain a tail risk.
- On-chain transparency is a major advantage — collateral is verifiable 24/7 without trusting an attestor.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (crypto-collateralised) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Vertragsadressen
USDH (USDH) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Kette | Vertragsadresse | Verifizieren |
|---|---|---|
| Ethereum | USDH1SM1ojwWUga67PGrgFWUHibbjqMvuMaDkRJTgkX | Explorer |
Vertragsadressen stammen aus dem Stablecoin-Profil von DeFiLlama. Einige Ketten (Tron, Solana, Aptos, Sui) verwenden Nicht-EVM-Adressformate. Der „Explorer"-Link öffnet den offiziellen Blockexplorer für die jeweilige Kette; wir verlinken nicht auf Drittanbieter-Explorer, die geänderte Daten anzeigen könnten.
USDH mit anderen crypto-collateralised-Stablecoins vergleichen
Below are the largest crypto-collateralised stablecoins tracked on Mantapex alongside USDH (USDH). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Angebot | Mechanismus | Ketten |
|---|---|---|---|
| Sky Dollar (USDS) | 8,4 Mrd. $ | crypto-backed | 6 |
| Ethena USDe (USDe) | 5,9 Mrd. $ | crypto-backed | 23 |
| Dai (DAI) | 4,6 Mrd. $ | crypto-backed | 48 |
| Falcon USD (USDf) | 1,6 Mrd. $ | crypto-backed | 2 |
| USDD (USDD) | 1,1 Mrd. $ | crypto-backed | 4 |
Über Mechanismusklassen hinweg
If you're researching USDH as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.
Peg-Stabilität
Chain-Verteilung
Ressourcen & Datenquellen
USDH (USDH) is tracked across major crypto data providers. The links below open USDH (USDH)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Aktuelle USDH-Nachrichten
Latest reporting from major crypto news outlets covering USDH.
- Crypto Briefing
Hyperion DeFi unwinds $29M in HYPE deals with Felix, Native Markets as USDH sunsets
Hyperion DeFi's strategic pivot highlights the volatility and risks in relying on unstable stablecoins, prompting a shift to more resilient assets. Hyperion DeFi unwinds $29M in…
- The Currency Analytics
Hyperion DeFi Unwinds $29M in HYPE Deals as USDH Gets Scrapped
Hyperion DeFi is pulling the plug on million worth of HYPE token deals.
- The Block
Hyperion DeFi to unwind $29 million in HYPE deals with Felix, Native Markets as USDH sunsets
Roughly 800,000 HYPE will return to the company's treasury for redeployment to "more profitable" strategies, per a Friday filing.
- Bitcoin
HYPE Jumps 17% After Hyperliquid Grants Coinbase Rights to USDH Assets
HYPE, reached a yearly high of $46.93, soaring 17% in 24 hours following news that Coinbase will stake HYPE to activate AQAv2. The Shift to USDC Integration HYPE, the utility…
- AMBCrypto
Hyperliquid phases out USDH as Coinbase steps into a bigger role – Here's how!
The network is simplifying its stablecoin structure.
- Cryptopolitan
Coinbase becomes official USDC deployer on Hyperliquid, acquires USDH brand assets
Coinbase unveiled big plans earlier today when it revealed that it will take over as the official treasury deployer of USDC stablecoins on the Hyperliquid network.
- Crypto Briefing
Coinbase takes over USDC treasury role on Hyperliquid as USDH stablecoin heads for sunset
Coinbase's expanded role in Hyperliquid's USDC treasury could enhance stablecoin liquidity and efficiency in blockchain financial markets. Coinbase takes over USDC treasury role…
- BeInCrypto
Coinbase Takes Over USDH as Hyperliquid Shifts to USDC
Coinbase is moving deeper into the Hyperliquid ecosystem after Native Markets announced plans to transition its USDH stablecoin infrastructure toward USDC under a new…
Verwandte Stablecoins
Stablecoins comparable to USDH by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Andere crypto-backed Stablecoins
An USD gebundene Stablecoins
Größte Stablecoins nach Angebot
Risikohinweis
Stablecoins tragen Risiken, einschließlich De-Pegging, regulatorischer Änderungen und Gegenparteirisiken. Diversifiziere immer und führe eigene Recherchen durch.