The issuer of USDh

A dollar by the people, for the people.

Every USDh is made when someone puts in a dollar, and it is backed 1:1 by US T-bills. Rewards go back to the people who hold it. Not to the issuer. Not to the partners.

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02 · Why Hamilton

Most dollars keep the interest. USDh gives it back.

Some issuers keep the interest. Others pay it to their partners. USDh pays it back to the people who hold it, as prizes in the monthly Draw.

$255Bsits in the two largest stablecoins. Their holders get none of the interest.
$100of USDh is one ticket in the monthly Draw. Nobody loses their deposit.
£135bnis saved in UK Premium Bonds, a prize model since 1956.
Kind of dollarWho keeps the interestWhere the money comes fromWho can hold it
Most stablecoinsThe issuerUS T-billsAnyone
Partner-share dollarsThe app you useUS T-billsThe app's users
Synthetic dollarsHolders who stakeTrading and funding ratesAnyone
Tokenized Treasury fundsFund investorsUS T-billsVerified funds, high minimums
USDhThe people who hold itUS T-billsAnyone outside the US, UK and EU

Every $100 of USDh is a ticket in the monthly Draw. Nobody loses their deposit.

Sources: DefiLlama and rwa.xyz (Oct 20, 2026), NS&I (Dec 2025), Cole, Iverson and Tufano, Management Science.

03 · Who it's for

Built for the businesses that hold dollars.

Wallets, exchanges, companies and developers use USDh to hold and move dollars onchain. It is backed by US T-bills, and rewards go back to the people who hold it.

Wallets and fintech apps

Give your users a dollar where every $100 is a ticket in the monthly Draw.

  • Hold
  • Send
  • Prize draw
Talk to us
Exchanges and market makers

List and settle in a dollar backed by US T-bills.

  • List
  • Trade
  • Settle
Talk to us
Companies, funds and treasuries

Keep company cash in a dollar backed by US T-bills.

  • Hold
  • Pay
Talk to us
Developers

Build payments, savings and apps on USDh.

  • Docs
  • Integrate
Read the docs
04 · USDh

A dollar backed by US T-bills.

USDh is pegged 1:1 to the US dollar. Rewards go back to the people who hold it, as prizes in the monthly Draw.

USDh
Peg
1:1 to the US dollar
Issuer
Hamilton
Backed by
US T-bills
Rewards
To holders, as prizes in the monthly Draw
Holders
Anyone outside the US, UK and EU
What USDh is
  1. 1A business holds USDhOne USDh for one US dollar.
  2. 2The reserves are US T-billsLent to the US government.
  3. 3The US pays interest4.05% a year on its 3-month bills today.
  4. 4Rewards go backEvery $100 is a ticket in the monthly Draw.
05 · Why it works

A prize instead of a rate.

Nobody loses their deposit. The interest the US pays becomes prizes, the way Britain has paid savers since 1956.

01

A model with a track record

UK Premium Bonds hold £135bn for 22 million people. Savers keep every pound and win prizes from the interest.

02

People save more

When a South African bank offered a prize account, 63% of its staff opened one, against 45% for a regular account.

03

Real government interest

The prizes come from what the US pays on its bills, not from trading or new tokens. Government bonds are public and rated.

04

One Draw for every app

Hamilton issues USDh and runs the Draw, so every app that holds USDh can put its users in the same pool, market by market as counsel clears it.

NextHamilton Bonds: governments borrowing directly onchain
06 · Work with Hamilton

Bring USDh to your business.

Businesses

Hold USDh, list it or build it into your app.

Get started
Governments

Raise dollars with a New York law bond, sold every day.

For governments