> ## Documentation Index
> Fetch the complete documentation index at: https://docs.hamilton.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# FAQ

> Quick answers, including the uncomfortable questions.

## The basics

> [accordion] What is USDh?
>
> A digital dollar issued by Hamilton, backed 1:1 by reserves. See [What is USDh](https://docs.hamilton.xyz/the-tokens/usdh-the-stable-dollar.md).

> [accordion] Who can mint and redeem with Hamilton?
>
> Mint Users: businesses that pass Hamilton's checks. Not individuals, and not US persons. See [How it works](https://docs.hamilton.xyz/using-hamilton/minting-and-redeeming-primary-users.md).

> [accordion] How much do I need to start?
>
> Nothing to hold or send USDh. Minting with Hamilton starts at USD 100,000. See [Limits and fees](https://docs.hamilton.xyz/using-hamilton/limits-and-timing.md).

> [accordion] How fast is minting?
>
> Instant with USDC. Usually 3 to 5 business days by wire.

> [accordion] Which blockchain?
>
> Ethereum. More networks are planned.

## The hard questions

> [accordion] Can I lose money?
>
> Yes. USDh is not a bank deposit, is not insured, and its market price can slip. See [Risks](https://docs.hamilton.xyz/trust-and-transparency/risks.md).

> [accordion] What if Hamilton goes bust?
>
> Holders would be unsecured creditors of HDA, the issuer, with no direct claim on the reserves. See [Company structure](https://docs.hamilton.xyz/legal/legal-structure.md).

> [accordion] Has anyone checked the reserves?
>
> Not an outside firm, yet. Hamilton publishes its holdings in the app, and monthly independent reports are planned. See [Reserves](https://docs.hamilton.xyz/trust-and-transparency/reserves-and-backing.md).

> [accordion] Has the contract been audited?
>
> Not yet. An audit is planned. See [Security](https://docs.hamilton.xyz/trust-and-transparency/security-and-audits.md).

> [accordion] Can Hamilton freeze or take my USDh?
>
> It can freeze an address or pause everything, for sanctions or emergencies. It can't take your balance.

> [accordion] Who holds the money?
>
> Publius Reserve Management, through firms such as Arqaam Securities. See [Partners](https://docs.hamilton.xyz/trust-and-transparency/who-we-work-with.md).

> [accordion] Why can't I use USDh in the United States?
>
> USDh is not offered there or in sanctioned countries. See [How it works](https://docs.hamilton.xyz/using-hamilton/minting-and-redeeming-primary-users.md).

## Staying safe

> [accordion] How do I know a link is really Hamilton's?
>
> Check it against [Official links](https://docs.hamilton.xyz/resources/links-and-resources.md). Hamilton will never message you first or ask for your keys.

> [accordion] Where are the live figures?
>
> On the Transparency page in the [Hamilton app](https://app.hamilton.xyz).

> [accordion] Where are the terms?
>
> On [All documents](https://docs.hamilton.xyz/legal/legal-documents.md).

*Last updated: 9 November 2026*


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