$USDH

$USDH is a stablecoin, which is a type of cryptocurrency that's designed to be less volatile than other cryptocurrencies because they're pegged to assets that are relatively stable. $USDH is designed to hold a stable value relative to one US Dollar.
$USDH is crypto-backed, because it uses cryptocurrencies as collateral. Users can Deposit one of the accepted Collateral Types to create (Mint) $USDH.
$USDH is over-collateralized, which means that the backing collateral always needs to have a higher value than the amount of $USDH in circulation. The purpose of the over-collateralization is to account for volatility.
$USDH is decentralised. Collateral Types do not have a single point of control, collateral vaults are non-custodial, anyone can mint $USDH, anyone can trigger a Liquidation and Interest Rates are adjusted onchain by the system.

Last updated 24 days ago

$USDH is a stablecoin, which is a type of cryptocurrency that's designed to be less volatile than other cryptocurrencies because they're pegged to assets that are relatively stable. $USDH is designed to hold a stable value relative to one US Dollar.
$USDH is crypto-backed, because it uses cryptocurrencies as collateral. Users can Deposit one of the accepted Collateral Types to create (Mint) $USDH.
$USDH is over-collateralized, which means that the backing collateral always needs to have a higher value than the amount of $USDH in circulation. The purpose of the over-collateralization is to account for volatility.
$USDH is decentralised. Collateral Types do not have a single point of control, collateral vaults are non-custodial, anyone can mint $USDH, anyone can trigger a Liquidation and Interest Rates are adjusted onchain by the system.

Last updated 24 days ago