Native Markets
USDH is reserved 1:1 in cash and US Treasuries managed by BlackRock and Superstate.
We partner with US-regulated banks including JP Morgan Chase and Lead Bank to ensure that USDH is always backed 1:1.
Issued by Bridge, a Stripe company, reserves are managed and operated in line with GENIUS Act requirements.
KYC in minutes and onramp to USDH natively on Hyperliquid for no fees. Or, swap for USDH in DeFi permissionlessly.
50% of USDH revenue is contributed to the Hyperliquid Assistance Fund so when USDH grows, so does Hyperliquid.
When trading on markets quoted in USDH, takers enjoy 20% lower fees, makers earn +50% rebates, and traders earn +20% volume contribution toward fee tiers leading to cheaper trading and better liquidity.
All USDH is fully backed 1:1 by US Treasuries, cash, and cash equivalents.
USDH offchain reserves are managed by BlackRock and custodied with JP Morgan Chase.
USDH onchain reserves are managed by Superstate and custodied in Fireblocks infrastructure.
Third-party reserve attestations will be available monthly, beginning with November 2025. Native Markets manages USDH reserves in partnership with Bridge Building, Inc., the financial institution which issues USDH.
Bridge and its parent company, Stripe, build secure, global payments systems that power 1.3% of global GDP. They ensure the safety of USDH reserves and manage compliance. The high-quality, liquid assets that we hold keep USDH pegged 1:1 during volatility. It also allows us to support lightning-fast on- and off-ramps. Today, these take only a few minutes.
& HyperEVM
projects and pools
Bridge USDC from Ethereum, Arbitrum, Base, and Solana to HyperCore USDH in ten seconds, 1:1 with no fees.
Been in the trenches? Swap from >75 chains to HyperCore USDH or HyperEVM USDH. Relay is also integrated into Rabby and Li.Fi.
Felix is an early builder on the HyperEVM and the largest Morpho vault curator. They are now launching a HIP-3 DEX that will support perps on.
Ventuals is a HIP-3 partner offering perpetual futures on pre-IPO stocks like SpaceX, Open AI, and others. For a limited time, open a position on Ventuals and get your margin matched up to 4%. Program run by Ventuals; terms and conditions may apply.
USDH is designed by Native Markets and issued by Bridge, a Stripe company. Bridge ensures the safety of USDH reserves, manages compliance, and facilitates the flows of funds that make USDH unique. We chose Bridge after a competitive and exhaustive diligence process because of their comprehensive compliance program, modern tech stack, and innovative approach to issuance. We could not build USDH in the way that we have with another issuer, so we’re confident they have been the right partner for a modern stablecoin native to Hyperliquid. Partners who KYC/KYB with Bridge today can access USDH for 1:1 with USDC or fiat dollars.
USDH as a margin asset on HIP-3 exchanges Felix, Ventuals, and more to be announced.Felix.
Felix is an early builder on the HyperEVM and the largest Morpho vault curator. They are now launching a HIP-3 DEX that will support perps on ????.
Ventuals. Ventuals is a HIP-3 partner offering perpetual futures on pre-IPO stocks like SpaceX, Open AI, and others. For a limited time, open a position on Ventuals and get your margin matched up to 4%. Program run by Ventuals; terms and conditions may apply.
Bridge USDC from Ethereum, Arbitrum, Base, and Solana to HyperCore USDH in ten seconds, 1:1 with no fees.
Been in the trenches? Swap from >75 chains to HyperCore USDH or HyperEVM USDH. Relay is also integrated into Rabby and Li.Fi.
Fill out the form and our team will be in touch. We’re always looking for opportunities to build aligned, long-term growth with organizations that share our values.
Our team has scaled businesses and protocols across DeFi and TradFi. We are alumni of Uniswap, BlackRock, Stripe, Circle, and Ramp.