USDH/USDC on Hyperliquid

Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).

Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.

Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.

USDH trades against USDC as a stablecoin-style base, and its ticker hints at a dollar-pegged token tied specifically to the Hyperliquid ecosystem, though this review couldn't independently verify the issuer, the backing mechanism, or the reserve structure standing behind this particular listing — so any assumption about how it's actually designed remains unconfirmed. Functionally it behaves as a stablecoin-to-stablecoin market rather than a directional trade, meaning what matters is whether the quote sits close to 1:1, not whether the price appreciates. Without confirmed reserve or redemption details, this listing warrants more caution than a well-audited, widely documented stablecoin would — de-peg risk is simply harder to size up in advance for a token this unverified. Checking liquidity on this specific pair before trading is worth doing, since thin depth could let one large order move the price away from parity for a while.