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View ChartHyper USD (USDHL) is a fiat-backed stablecoin custom-built for the Hyperliquid ecosystem. Hyper USD is a dollar-pegged stablecoin designed to maintain a value pegged to the US dollar.
The token operates on the HyperEVM platform, a performant blockchain environment built with the vision of a fully onchain open financial system. USDHL serves as a foundational building block for HIP-3, foreign exchange applications, payments, and other decentralized finance use cases within the Hyperliquid network. The project launched on September 9, 2025.
In terms of supply, the reference material lists a total supply of approximately 13,055,175 USDHL and a circulating supply of 0. The reference material lists no maximum supply figure for USDHL; supply is managed by the issuer and can change with issuance and redemption.
According to RWA.xyz, Hyper USD (USDHL) is a fiat-backed stablecoin built by Felix for the Hyperliquid ecosystem. It is issued on Hyperliquid/HyperEVM and is backed 1:1 by M, M0's wholesale dollar asset collateralized by short-term U.S. Treasuries.
Hyper USD operates as a fiat-backed stablecoin on the HyperEVM platform. The token is designed to maintain a stable value of approximately one US dollar. USDHL is a fiat-backed stablecoin issued on the HyperEVM platform. According to RWA.xyz, USDHL is backed 1:1 by M, M0's wholesale dollar asset collateralized by short-term U.S. Treasuries. The HyperEVM environment provides the infrastructure for the token to function within the broader Hyperliquid ecosystem.
USDHL is tracked on major market data platforms. It trades on 19 active markets, with a primary trading pair of USDHL-USDC available on Hyperdash. As a dollar-pegged stablecoin, USDHL's price is designed to stay near one US dollar, though it can deviate from the peg; current price and market data are shown on the live data pages.
Hyper USD distinguishes itself through its specific focus on the Hyperliquid ecosystem. Rather than being a general-purpose stablecoin, USDHL is purpose-built to serve as infrastructure for HIP-3, foreign exchange, payments, and other applications native to Hyperliquid. This specialization positions it as a foundational element for developers and users within that network.
As with any stablecoin, users should review issuance, redemption, and reserve disclosure practices before relying on it. CoinMarketCap displays a CertiK rating of 2.2 for USDHL; the rating scale and methodology are defined by CertiK, and a rating is not a substitute for a full audit. Users should verify contract addresses and review any published audit information before interacting with the token.
Hyper USD functions primarily as a stable medium of exchange and a unit of account within the Hyperliquid ecosystem. Its key use cases include serving as a building block for HIP-3 applications, facilitating foreign exchange transactions, enabling payments, and supporting other decentralized finance activities on the HyperEVM platform. As a dollar-pegged asset, it allows users to transact and settle value without exposure to the price volatility typical of other cryptocurrencies.
According to Yahoo Finance data provided by CoinMarketCap, USDHL trades on 19 active markets. Available trading pairs and fiat conversion options should be confirmed on the respective platforms. USDHL is tagged as part of the HyperEVM ecosystem in the reference material.
The Hyper USD ecosystem is closely tied to the broader Hyperliquid network. Hyperliquid is the blockchain environment on which USDHL operates, according to the reference material.
USDHL itself is tracked across a wide range of data aggregators and trading platforms. The project's development appears focused on deepening integration within Hyperliquid rather than pursuing broad multi-chain expansion, which aligns with its positioning as a custom-built stablecoin for that specific ecosystem.
Hyper USD is a fiat-backed stablecoin, not a mined cryptocurrency. It does not use a proof-of-work or proof-of-stake mining mechanism. Instead, USDHL is issued against reserves. According to RWA.xyz, USDHL is backed 1:1 by M, M0's wholesale dollar asset collateralized by short-term U.S. Treasuries. Users acquire USDHL by purchasing it on supported trading platforms or through conversion pairs available on various services.
There is no mining or staking process for USDHL itself. The token's supply is managed by the issuer, and its value is maintained through the underlying reserve assets. The reference material lists no maximum supply figure for USDHL; supply is managed by the issuer and can change with issuance and redemption. For investors seeking yield, opportunities may exist through providing liquidity on decentralized exchanges or participating in other ecosystem activities, but these are separate from the token's core issuance mechanism.
Storing Hyper USD securely requires attention to both the token's smart contract environment and general cryptocurrency security practices. Since USDHL operates on HyperEVM, users should use wallets that support the HyperEVM network and verify contract addresses before interacting with any token. The contract address on HyperEVM is 0xb50a96253abdf803d85efcdce07ad8becbc52bd5; users should verify it through official project channels before transacting.
Best practices include using hardware wallets for significant holdings, enabling two-factor authentication on any exchange accounts, and being cautious of phishing attempts that mimic official project communications. CoinMarketCap displays a CertiK rating of 2.2 for USDHL; the rating scale and methodology are defined by CertiK, and a rating is not a substitute for a full audit. Users should verify contract addresses and review any published audit information before interacting with the token. Additionally, because stablecoins depend on the solvency and operational integrity of their reserve managers, monitoring official project communications is advisable. Diversifying stablecoin holdings across multiple issuers can also help mitigate issuer-specific risks.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for USDHL are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Hyper USD (USDHL) is $0.998196. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated USDHL to USD rate at the top of BTCC’s price page. In terms of market scope, Hyper USD records a 24h trading volume of $8.370765K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $13.028989M. Its current circulating supply stands at -- out of a maximum supply cap of ∞.
The price volatility of Hyper USD (USDHL) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (--) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Hyper USD (USDHL) hit an all-time high (ATH) of $1.18937 on 2026-10-19 22:00, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.910011 on 2026-05-14 05:00. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading USDHL futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($8.370765K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s USDHLUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Hyper USD, simply log into your BTCC account with USDT margin available, navigate to the USDHLUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for USDHLUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.998196), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for USDHLUSDT with zero financial risk.
Trading Hyper USD (USDHL) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for USDHLUSDT, and review its live price ($0.998196) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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