USDH
USDH#840 by market capNot covered. The criterion it missed: no roadmap or documentation page linked from the homepage.
USDH is for a stable digital dollar. We have not written its record yet, so its promises are not checked. It trades at $0.9971, #804 of all coins by size, 10% below its highest ever price.
This week Nothing changed on its record.
No stated job or named backing. No dated promises on its pages. Nothing dated ahead. #47 of 92 USD stablecoins. Nothing to be careful of on the record.
Is it real?
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0 of 4
- –A real-world jobDoes it say what problem it solves, in a category that is not a joke?
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
No named backer
- Origin10 October 2025about about 11 monthsnativemarkets.com, GitHub
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorNot on a big exchange we track
- Standing on the recordNo recordNo dated promise to judge yet0 headlines last monthNo corrections needed so far
To be worth what the typical coin in USD Stablecoin is worth ($22.65M), its price would need to rise 6%, to about $1.06. To match the leader, USDD, 6950%.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Listed on fewer than two big exchanges
- No named investor among its tags
- Only 0 headlines named it last month
- Years younger than the group's leader
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
A stable digital dollar
194 coins tagged Stablecoins, worth $309.21B together. #94 of 194 by worth.
USD Stablecoin: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
USDH$21.3Mthis coin−0.1%no maxno record
USDD$1.5B70.5× bigger, +$1.48B−0.0%, gap +0.0no maxnone dated
USDGO$1.39B65.3× bigger, +$1.37B+0.0%, gap +0.1no maxno record
Falcon USD$1.34B62.9× bigger, +$1.32B−0.0%, gap +0.0no maxno record
United Stables$1.32B62.1× bigger, +$1.3B+0.0%, gap +0.1no maxno record
GHO$698.22M32.8× bigger, +$676.92M+0.0%, gap +0.1no maxnone dated
Usual USD$547M25.7× bigger, +$525.7M+0.0%, gap +0.1no maxno record
YLDS$509.37M23.9× bigger, +$488.07M+0.0%, gap +0.1no maxnone dated
USD Stablecoin: this coin next to USDD, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- USDH says
- USDH is a fiat-backed digital dollar built natively for Hyperliquid.
- USDD says
- USDD is a cryptocurrency meant to hold the same value as one US dollar, backed by other crypto assets held in reserve rather than by a bank.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
USDH is a fiat-backed digital dollar built natively for Hyperliquid. Designed by Native Markets and issued by Bridge Building Inc, USDH delivers a credible, ecosystem aligned, and native dollar solution.
Problem it says it solves: a stable digital dollar. 194 coins are working on it and together they are worth $309,206,725,800. This coin is 0% of that.
Where it trades: Project X, Funnel
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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USD Stablecoin: this coin next to the group's largest, USDD.
| USDH | USDD | |
|---|---|---|
| Years trading | 11 months | 4 years |
| Major exchanges | 0 | 2 |
| Named backers | 0 | 0 |
| Headlines, last month | 0 | 7 |
| Promises delivered | no record | no record |
What it says is different: USDH is a fiat-backed digital dollar built natively for Hyperliquid. Designed by Native Markets and issued by Bridge Building Inc, USDH delivers a credible, ecosystem aligned, and native dollar solution.
It is 1.4% the size of USDD. On the facts above it is behind on years trading, major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $1.11 on 10 October 2025. Today is 90% of that.
0%
of all USDH that will ever exist is already out in public hands: 21.36M coins.
100% (99.99B coins) is not yet created or held by the project. That is a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Meant to stay at one dollar
Holding it is holding a copy of a dollar. It is not built to rise.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 21.36Min circulation of 100.01B total. No hard maximum is set, so more can be created.
- 4682.1×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $1.11 on 10 October 2025. That is −10.4% from the top.
- #804by market cap, $21,298,379.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Nothing in the news this month.
Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.
The record itself
Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy