USDH is a censorship-resistant, crypto-backed stablecoin, soft-pegged to the US Dollar. USDH is fully collateralized by a basket of crypto assets, deposited into a Hubble Smart Contract.

USDH is Solana-native, and can be held in any Solana wallet. For every 1 USDH on the market, more than $1 of crypto is deposited into Hubble.

All USDH in existence is minted from Hubble Protocol. Users can mint USDH by depositing their crypto assets into Hubble. By depositing collateral, a user enables the minting of USDH, thus bringing more USDH into circulation.

What is USDH?​

USDH, a censorship-resistant, crypto-backed stablecoin, stands out in the cryptocurrency landscape. Soft-pegged to the US Dollar, USDH is fully collateralized by a diverse basket of crypto assets. This stablecoin is minted exclusively through the Hubble Protocol, a decentralized finance (DeFi) platform on the Solana blockchain.

Solana's high-speed and low-cost transactions make it an ideal environment for USDH, which can be held in any Solana-compatible wallet. The collateralization process ensures that for every 1 USDH in circulation, more than $1 worth of crypto assets is securely deposited into Hubble's smart contracts. This mechanism not only maintains the stability of USDH but also provides a robust layer of security and trust.

The minting process is straightforward: users deposit their crypto assets into Hubble, which then enables the creation of new USDH tokens. This decentralized approach ensures that the stablecoin remains censorship-resistant and transparent. The use of a basket of crypto assets for collateralization diversifies risk and enhances the stability of USDH, making it a reliable option for users seeking stability in the volatile crypto market.

USDH's integration with the Solana blockchain also means it benefits from Solana's scalability and efficiency, making transactions faster and cheaper compared to other blockchains. This positions USDH as a practical choice for everyday transactions and DeFi applications.

What is the technology behind USDH?​

USDH is a censorship-resistant, crypto-backed stablecoin, soft-pegged to the US Dollar. The foundation of USDH lies in its integration with the Solana blockchain, a high-performance blockchain known for its speed and low transaction costs. Solana's architecture allows USDH to benefit from fast transaction times and scalability, making it suitable for a wide range of financial applications.

The technology behind USDH is primarily driven by the Hubble Protocol. This protocol enables users to mint USDH by depositing their crypto assets into Hubble. When users deposit their assets, these are locked into a Hubble Smart Contract, ensuring that every USDH in circulation is fully collateralized. This means that for every 1 USDH, there is more than $1 worth of crypto assets held as collateral. This over-collateralization helps maintain the stability and trustworthiness of USDH.

Security on the Solana blockchain is robust, leveraging a combination of Proof of History (PoH) and Proof of Stake (PoS) mechanisms. Proof of History provides a historical record that proves that an event has occurred at a specific moment in time, while Proof of Stake involves validators who are chosen to create new blocks based on the number of tokens they hold and are willing to "stake" as collateral. This dual approach helps prevent attacks from bad actors by making it computationally and economically impractical to manipulate the blockchain.

USDH's censorship-resistant nature means that it operates without centralized control, reducing the risk of interference from external entities. This is particularly important for maintaining the integrity and independence of the stablecoin. Additionally, the use of a basket of crypto assets as collateral diversifies the risk, ensuring that the value of USDH remains stable even if the value of one of the collateral assets fluctuates.

Artificial intelligence and machine learning are also part of the advanced technology stack used in the services and research related to USDH. These technologies can be employed to analyze market trends, optimize collateral management, and enhance the overall efficiency of the Hubble Protocol. Cloud-based platforms and automation further streamline operations, providing a seamless user experience for those minting and trading USDH.

The top cryptocurrency exchange for trading USDH is Saber DEX, a decentralized exchange on the Solana blockchain. This platform allows users to trade USDH with minimal fees and high liquidity, leveraging the speed and efficiency of Solana's network. By being Solana-native, USDH can be held in any Solana wallet, offering flexibility and ease of use for its holders.

In essence, the combination of Solana's high-performance blockchain, the Hubble Protocol's robust collateralization mechanism, and advanced technologies like AI and machine learning create a stable, secure, and efficient ecosystem for USDH.

What are the real-world applications of USDH?​

USDH is a censorship-resistant, crypto-backed stablecoin, soft-pegged to the US Dollar. It is fully collateralized by a basket of crypto assets deposited into a Hubble Smart Contract. This means that for every 1 USDH in circulation, there is more than $1 worth of crypto assets backing it, ensuring its stability and reliability.

One of the primary real-world applications of USDH is its use in decentralized finance (DeFi) platforms. Users can mint USDH by depositing their crypto assets into the Hubble Protocol, which allows them to leverage their holdings without selling them. This can be particularly useful for traders and investors looking to maintain their positions in other cryptocurrencies while still having access to a stable asset for transactions or further investments.

USDH can be held in any Solana wallet, making it highly accessible for users within the Solana ecosystem. This integration with Solana allows for fast and low-cost transactions, which is beneficial for everyday use, such as making payments or transferring funds between users.

Another significant application of USDH is in trading on decentralized exchanges (DEXs) like Saber. On these platforms, USDH can be used to trade against other cryptocurrencies, providing liquidity and stability to the market. This is particularly important in the volatile world of cryptocurrencies, where having a stablecoin like USDH can help mitigate risks.

In addition to its financial applications, USDH is also being explored for use in cancer diagnostics research and clinical trials. This innovative application leverages the stability and transparency of blockchain technology to improve the accuracy and reliability of medical data, potentially leading to better outcomes in healthcare.

While USDH has numerous benefits, it is also important to consider criticisms, such as concerns about the company's management and policies. These factors should be weighed carefully when evaluating the potential use of USDH in various real-world scenarios.

What key events have there been for USDH?​

USDH, a censorship-resistant, crypto-backed stablecoin, is soft-pegged to the US Dollar and fully collateralized by a basket of crypto assets. It is native to the Solana blockchain and can be held in any Solana wallet. For every 1 USDH in circulation, more than $1 worth of crypto is deposited into Hubble Protocol's smart contract. Users can mint USDH by depositing their crypto assets into Hubble, thereby increasing the supply of USDH.

USDH offers high yields for holders and is backed by a diverse basket of cryptocurrencies. It provides interest-free borrowing for a fixed fee, making it an attractive option for users seeking stablecoin solutions with additional financial benefits. The yield on USDH is comparable to other high-yield investments such as corporate bonds, positioning it as a competitive option in the stablecoin market.

Despite its innovative features and potential benefits, there have been no key events for USDH.

Who are the founders of USDH?​

USDH, a censorship-resistant, crypto-backed stablecoin, is soft-pegged to the US Dollar and fully collateralized by a basket of crypto assets deposited into a Hubble Smart Contract. The founders of USDH are Jerry Tillinger, Giancarlo Mercogliano, and Dr. Louis La Luna. The executive team also includes Brad Stoltz, Dr. Whitebloom, and Victoria Kenyon Turley. USDH is Solana-native and can be held in any Solana wallet. For every 1 USDH in circulation, more than $1 of crypto is deposited into Hubble, ensuring robust collateralization.