USDH USDH
1. Summary
- Price
-
$1.00 -0.2%
- Market Cap
- $0.00 (#10687)
- Supply
- 0.00 / 2.42M
- Description
-
Hubble Protocol's USDH is a Solana-native stablecoin that is heavily collateralized by a diverse group of decentralized cryptocurrencies. These assets include SOL, mSOL, BTC, ETH, RAY, SRM, and FTT, ensuring that every USDH is supported by at least 150% of its value in collateral. The protocol periodically whitelists new tokens for borrowing after...
Hubble Protocol's USDH is a Solana-native stablecoin that is heavily collateralized by a diverse group of decentralized cryptocurrencies. These assets include SOL, mSOL, BTC, ETH, RAY, SRM, and FTT, ensuring that every USDH is supported by at least 150% of its value in collateral. The protocol periodically whitelists new tokens for borrowing after they pass a rigorous evaluation process.
Features and Usage
- Collateralization: Users can mint USDH by depositing their crypto assets into Hubble Protocol. For every 1 USDH created, the protocol holds more than $1 worth of deposited collateral.
- DeFi Applications: USDH serves multiple functions across Solana DeFi platforms, including shaping liquidity on Automated Market Makers (AMMs), bonding for tokens, and acting as a store of value.
- Reward Mechanisms: Those who hold USDH can participate in liquidations through Hubble's Stability Pool, earning discounted access to high-performing tokens during market downturns.
Governance and Involvement
- Protocol Participation: USDH holders have a voice in the protocol's governance and can earn rewards by actively participating in its ecosystem.
USDH encapsulates Hubble Protocol's commitment to creating a robust, decentralized financial system by providing a reliable and stable medium of exchange.
| Price | |
| 52W High price | $1.01 |
| 52W High date | 21st Dec 2023 (1 year ago) |
| All Time High (ATH) Date | 22nd Nov 2023 (1 year ago) |
| ATH Price | $1.66 |
| % From ATH | -41.33% |
| All Time Low (ATL) Date | 25th Mar 2022 (2 years ago) |
| ATL Price | $0.02 |
| % From ATL | 4959.8% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $79,259.00 |
| Total Supply | 2.42M |
USDH
How does USDH's (USDH) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-1.7%
USDH
51,626.9%
Similar Market Cap
60 Day Return
-2.0%
USDH
4,051.5%
Similar Market Cap
1 Year Return
-2.1%
USDH
-
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 3,287 |
| Active Discord Users | 272 |
| Telegram Users | 1,041 |
| Twitter followers | 41,526 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://hubbleprotocol.io/ |
|---|---|
| Explorer | https://solscan.io/token/USDH1SM1ojwWUga67PGrgFWUH... |
| @HubbleProtocol |
What is the correct contract address for USDH?
| Solana | USDH1SM1ojwWUga67PGrgFWUHibbjqMvuMaDkRJTgkX |
|---|
Has USDH been audited for security?
No security audits found for this project.
Are you the owner of USDH? Edit it here
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