Hermetica USDh
USDH Rank #2425Price chart
What is Hermetica USDh?
Overview
USDh is a stablecoin that maintains a value pegged to the US dollar while generating yield for holders. The token operates on Bitcoin L1 and L2 networks, enabling users to maintain dollar stability while earning returns from the protocol's underlying mechanics. It targets users seeking exposure to stablecoins without reliance on fiat banking systems.
How it works
USDh combines Bitcoin as base collateral with a short perpetual futures position to create a synthetic dollar. The short position generates funding rate payments, which are distributed to users who stake their USDh tokens. Funding rates from perpetual futures can yield up to 25% APY, passed directly to stakers.
Peg and backing
The token is backed by Bitcoin held as collateral, paired with derivative positions that synthetically create dollar denomination. The peg mechanism relies on the perpetual futures short position to maintain stability relative to the dollar while generating the yield component for token holders.
Supply
The current circulating supply stands at approximately 1.98 million USDh tokens, with no maximum supply cap specified.
Where to trade USDH
1 exchanges · top 10
Live spot quotes from connected exchanges
USDH funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.