> ## Documentation Index
> Fetch the complete documentation index at: https://docs.usdh.money/llms.txt
> Use this file to discover all available pages before exploring further.

# All documents

> Who stands behind USDh, what you can claim, who can use it, and the full terms.

## Who does what

| Company | Where | What it does |
| - | - | - |
| Hamilton Digital Assets Limited | British Virgin Islands | Issues USDh. Makes and redeems USDh for Mint Users and approved routes |
| Publius Reserve Management Limited | British Virgin Islands | Manages the reserves for the issuer. Holders have no claim on it |
| The staking protocol | Ethereum | Turns USDh into sUSDh and back, and sets the reward rate. Not run by the issuer; overseen by Publius Foundation for now |
| Publius Foundation | Panama | Owns both companies. Runs usdh.money and the app. Oversees the staking protocol and the sUSDh reward rate for now |

## What you can claim

| If you are | What that means |
| - | - |
| **A holder** | You can hold, send, swap and stake USDh. You can't redeem with the issuer directly. You leave by swapping, or through an approved route, such as an aggregator the issuer has approved, which redeems 1 USDh for 1 AUSD. |
| **An sUSDh holder** | Your sUSDh is a claim on the USDh in the staking contract. Rewards are not owed by anyone. |
| **A Mint User** | A business signed up with the issuer. It can mint and redeem USDh directly, under the [Mint user agreement](https://docs.hamilton.xyz/legal/legal-documents/mint-user-agreement). |

For everyone: the reserves are not held in trust, nobody has a direct claim on them, and USDh is not a bank deposit.

## Who can use USDh

USDh is not offered to people in, or living in, the United States, or in countries under broad sanctions, including Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk and Luhansk regions of Ukraine. It is not offered to anyone on a sanctions list either.

usdh.money and the app are also closed to people in, living in, or organised in Abkhazia, Afghanistan, Angola, Belarus, Burundi, the Central African Republic, the Democratic Republic of the Congo, Ethiopia, Guinea-Bissau, Côte d'Ivoire, Lebanon, Liberia, Libya, Mali, Myanmar, Nicaragua, Northern Cyprus, Russia, Somalia, Somaliland, South Ossetia, South Sudan, Sudan, Venezuela, Yemen and Zimbabwe.

Staking for sUSDh is also not offered in the United Kingdom, the European Union, the European Economic Area or Switzerland.

The app checks where you connect from and blocks these places, but no check catches everything. By using the app or holding USDh, you confirm you are not in one of them. The full lists are in the [USDh terms](https://docs.usdh.money/usdh-terms.md), the [Terms of service](https://docs.usdh.money/terms-of-service.md) and the [Staking terms](https://docs.usdh.money/staking-terms.md).

## The full terms

| Document | What it covers |
| - | - |
| [Terms of service](https://docs.usdh.money/terms-of-service.md) | The rules for using usdh.money and the app |
| [Privacy policy](https://docs.usdh.money/privacy-policy.md) | What data is collected and why |
| [USDh terms](https://docs.usdh.money/usdh-terms.md) | Your rights and duties as a USDh holder |
| [Staking terms](https://docs.usdh.money/staking-terms.md) | The rules for staking |
| [Staking risks](https://docs.usdh.money/staking-risk-disclosure.md) | The risks of staking |
| [Risk disclosures](https://docs.usdh.money/risk-disclosures.md) | The risks of holding USDh |

These docs are for information only. They are not an offer, a promise or advice. Where any page differs from the full terms, the full terms win.

Questions: [legal@usdh.money](mailto:legal@usdh.money) · [privacy@usdh.money](mailto:privacy@usdh.money)

*Last updated: Nov 10, 2026*


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