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What is USDH (USDH)?

USDH is a stablecoin issued by Hubble, pegged to the US dollar. It is backed by a diverse basket of cryptocurrencies including SOL, mSOL, BTC, ETH, RAY, SRM, and FTT, with plans to add more assets in the future. USDH is designed to be censorship-resistant and has no exposure to fiat-backed assets. Its peg to the dollar is maintained through an efficient arbitrage process that involves redeeming USDH on Hubble for collateral assets. Since Hubble charges a one-time fee for minting and redeeming USDH, arbitrage opportunities arise when the market price of USDH stays between 0.995 USD and 1.005 USD. Compared to other stablecoins, USDH is fully backed by censorship-resistant crypto assets, avoiding points of failure associated with fiat-backed stablecoins. The collateral assets for USDH are car...

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