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Every stablecoin is a loan, and usdh.money lets you choose who you lend to. Hold USDh and the dollars behind it are lent to the US government. Stake it for sUSDh and they are lent to other governments, in dollars, and the extra interest they pay funds your rewards. Rewards change, are not guaranteed, and can be zero.

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Two tokens side by side

The two tokens are backed differently on purpose. The dollars behind USDh are held for safety and an easy exit, which is why holding USDh pays no interest. When you stake, the dollars behind your USDh are lent to other governments instead. They pay more interest because lending to them carries more risk. Rewards, and that extra risk, apply only if you choose to stake. USDh is issued by Hamilton Digital Assets Limited. The reserves are managed by a separate company. Staking runs on a separate protocol that the issuer does not control. See All documents. Live numbers, such as total supply, the sUSDh price and today’s reward rate, are on the Transparency page in the app.
Rewards are not guaranteed. They can be cut, paused or zero in any period. USDh is not a bank deposit and is not insured. sUSDh lends to governments, and that debt can lose value. See Risks.
These docs are for information only. They are not an offer, a promise or advice. Last updated: Nov 10, 2026