USDH USDH

What USDH actually is on-chain

USDH is an ERC-20 deployed on HyperEVM, at contract address 0x111111a1a0667d36bd57c0a9f569b98057111111. That address, not the ticker USDH, is what uniquely identifies this asset: anyone can deploy a second token calling itself USDH, but the contract is unforgeable. Verify it against hyperevmscan.io before sending funds or approving a spend.

Because it lives on HyperEVM, USDH is held in any EVM-compatible wallet, transfers are paid for in HYPE rather than in USDH itself, and secondary liquidity sits in HyperSwap pools. Two consequences follow for anyone setting alerts: you need HYPE in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

Another asset tracked on this site also uses the ticker USDH: Hermetica USDh (Bitcoin). The asset on this page is specifically the HyperEVM deployment at 0x1111…1111. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For USDH the project publishes a public source repository and an active account as @nativemarkets. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where USDH sits in the market

At #883, USDH is in the upper small-cap band. Books at this depth are thin enough that one sizeable market order can move the printed price by several percent and retrace within minutes, which is precisely why a single static price target makes a poor trigger — you want a condition that survives one wick. Availability is concentrated in a handful of venues and volume-based delisting is a live risk rather than a theoretical one.

We are not currently receiving a live USDH order book from any of the exchanges connected to this site, so no real-time quote is shown above. That is itself information: it usually means the pair is unlisted on the venues we track, or trading has been halted. USDH is a HyperEVM asset, so whatever turnover exists is most likely in HyperSwap pools rather than on a centralised book, and every fill there costs HYPE in gas on top of the pool's own fee.

USDH against its all-time high

USDH's record high is $1.11, set on 2025-10-10. That high sits in a range where whole-cent and whole-unit levels are genuinely traded, which makes them usable as alert thresholds if a quote returns. It was set about a year ago, so it belongs to the current cycle but not to current conditions. We are not quoting a drawdown from it because no tracked venue is giving us a live USDH price — a stale or single-pool number would make that percentage look precise when it is not.

USDH across its historical range

The recorded range is comparatively narrow: 1.55x between $0.7169 and $1.11. Either the price history is short, or the asset is designed not to move.

The record low of $0.7169 was printed on 2025-10-10 — about a year ago. We have no live quote to measure the current distance from it.

USDH supply and valuation data

USDH sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for USDH but not an audited token count. What we do have is a fully diluted valuation of $100.10 billion as of 2026-05-12. That puts it in the top 1% of assets tracked here by fully diluted value — a size at which supply figures are usually well documented by the issuer.

Because that valuation is a snapshot rather than a live figure, we deliberately do not back out a supply number from it — the price has moved since, and the division would produce a confident-looking token count that is simply wrong. Check the project's own explorer for the current supply before using any per-token valuation. The authoritative figure is the one hyperevmscan.io reports for this contract.

What kind of asset USDH is

USDH is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. Our dataset does not record which backing model this token uses, which is itself worth resolving before holding it: reserve-backed, collateral-backed and algorithmic pegs fail in very different ways and on very different timescales. At a fully diluted value above a billion dollars it is large enough that its peg is defended by deep secondary liquidity, not only by the issuer's redemption promise.

CoinGecko files USDH under 4 categories, including Stablecoins, USD Stablecoin, Hyperliquid Ecosystem, HyperEVM Ecosystem. CoinGecko also records deployments on Hyperliquid (40 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a USDH alert that is worth receiving

USDH is the ERC-20 at 0x1111…1111 on HyperEVM — high dated 2025-10-10 — rank #883. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →