USDh
USDh is the stable foundation of the Hamilton system — a fully backed, onchain dollar that combines the accessibility of digital money with the integrity of real-world reserves.
It is designed to serve as the base layer of stability and liquidity, from which all productive activity in the Hamilton ecosystem begins.
What USDh Is
USDh is a reserve-backed digital dollar that maintains a one-to-one (1:1) relationship with the U.S. dollar. Each USDh is minted when a verified user deposits USDC or another supported stable collateral into Hamilton’s system, and it can be redeemed at any time for the same value.
Its design is simple and transparent:
1:1 peg to USD Mint and redeem USDh freely through approved channels.
Fully collateralized Every USDh is backed by reserves held in short-term sovereign and USD money-market instruments.
Transparent and auditable All reserves are independently verified and reported through onchain dashboards and third-party attestations.
Non-yielding by design USDh itself does not distribute rewards — its purpose is to remain stable, liquid, and dependable.
How USDh Works
Minting
Users deposit USDC via verified smart contracts or custodial partners.
Hamilton Global Ltd. (BVI) oversees minting through institutional custody accounts (e.g., Coinbase Prime).
Newly minted USDh is issued 1:1 to the user’s wallet.
Redemption
Users can return USDh to the protocol and receive USDC (or equivalent USD) back in full.
Burn transactions remove redeemed USDh from circulation, maintaining the peg and supply integrity.
Circulation
USDh can be freely used for payments, transfers, and trading.
It can also be staked to receive sUSDh, the yield-bearing counterpart that participates in Hamilton’s reserve productivity.
Where Reserves Are Held
USDh reserves are securely held in a multi-layer custody structure that spans both onchain and institutional accounts:
Custodians: Institutional-grade platforms such as Coinbase Prime, used for both vaulting and settlement.
Reserve Assets:
U.S. money-market instruments for liquidity and stability.
Short-term sovereign bonds in select emerging markets for diversification.
Attestations: Regular proof-of-reserve reports ensure verifiability and transparency.
This structure ensures that USDh always reflects real-world, verifiable value — not synthetic collateral or leveraged exposure.
Use Cases
USDh is designed to be both programmable and practical, making it a versatile asset within and beyond the Hamilton ecosystem:
Payments: Use USDh for peer-to-peer transfers, remittances, and cross-border payments.
DeFi Integration: Trade or provide liquidity on decentralized exchanges and applications that integrate USDh.
Gateway to Productivity: Stake USDh to mint sUSDh and participate in Hamilton’s global yield system.
Treasury Stability: Institutional users can hold USDh as a stable, yield-ready dollar alternative.
Why USDh Matters
Unlike traditional stablecoins, USDh is not just a passive reflection of stored capital — it’s the entry point into an active global reserve system. It represents the first step toward transforming the dollar from a static store of value into a transparent, composable financial instrument.
Holding USDh means holding a verifiable, redeemable, and programmable form of money — one that’s stable by nature, and productive by design.
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