Introduction - Hamilton

Hamilton issues USDh, a fully backed digital dollar on Ethereum. Businesses mint USDh with Hamilton and redeem it, one for one. Once it exists, anyone can hold it, send it or swap it like any other token.

Start here

You are	Start with	Then read
A business that wants to mint or redeem	How it works	Limits and fees · Company structure
Reviewing Hamilton for due diligence, risk or compliance	Reserves	Risks · Partners · Security
A developer building with USDh	Integrate USDh	Contracts · Verify on-chain

USDh at a glance


What it is	A digital dollar, built to stay at one US dollar
What backs it	Cash in US dollars, US Treasury bills, and stablecoins backed by Treasury bills
Interest	None. USDh pays nothing to the people who hold it
Who mints and redeems	Mint Users (businesses that pass Hamilton’s checks) and a few approved routes, such as aggregators
Who can hold it	Anyone outside the restricted places. No account needed
Issuer	Hamilton Digital Assets Limited (HDA), British Virgin Islands
Network	Ethereum

The issuer and the reserves are kept apart on purpose. HDA issues USDh. A separate company, Publius Reserve Management Limited, manages the reserves. Both are owned by Publius Foundation. See Company structure. Current supply and reserve holdings are on the Transparency page in the Hamilton app.

USDh is not a bank deposit, is not insured by any government scheme, and is not an investment product. Its market price can slip below one dollar. See Risks.

These docs are for information only. They are not an offer to sell or a request to buy any asset, and they are not investment, legal or tax advice. Last updated: 10 November 2026