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 gives it back to the people who hold it.

$255Bsits in the two largest stablecoins. Their holders get none of the interest.
4.05%a year is what the US pays on its 3-month bills today. USDh's reserves earn it.
1:1USDh to the US dollar, backed by US T-bills.
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

Sources: DefiLlama and rwa.xyz (Oct 20, 2026), FRED (Oct 8, 2026).

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 rewards go back to the people who hold it.

  • Hold
  • Send
Talk to us
Exchanges and market makers

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

  • List
  • Trade
  • Settle
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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.

USDh
Peg
1:1 to the US dollar
Issuer
Hamilton
Backed by
US T-bills
Rewards
To the people who hold it
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 backTo the people who hold it, not the issuer.
NextHamilton Bonds: governments borrowing directly onchain
05 · 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