DescriptionUSDH 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.

Category:crypto-backed

Minting and RedemptionUsing 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.