Hermetica USDh (USDh) stablecoin analytics
Answer First
What is Hermetica USDh (USDh)?
Hermetica's synthetic dollar on Stacks now has predominantly tokenized STRC digital-credit backing; docs describe a BTC spot-and-short-perpetual basis strategy The static profile records its US Dollar peg mechanism as: Delta-neutral hedging: BTC spot long + equal BTC short perpetual futures neutralize directional exposure; mint and redeem via KYC-gated Hermetica app; DIA oracle provides reserve-backed fair value pricing on Stacks
Is USDh safe?
Pharos does not mark USDh as absolutely safe. Static metadata says Hermetica USDh uses a Centralized (CeFi) governance model and Crypto-Collateralized backing, with Self-Reported PoR from Hermetica custodian attestations; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Hermetica USDh (USDh) static profile: governance model Centralized (CeFi); backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
Hermetica's USDh is a synthetic dollar on Stacks whose documentation still describes a BTC basis trade: spot BTC hedged with short perpetual futures, with funding flowing to sUSDh stakers. The disclosed holdings say something else. Hermetica's August 2026 custodian attestation reports the Copper and Ceffu accounts at zero and about ninety-four percent of backing in STRCx, a tokenized digital-credit instrument with exposure to Strategy, Inc., issued by Backed Assets through Kraken's xStocks.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- At the 2026-09-30 14:00 UTC snapshot, Hermetica reported $1,396,969.74 of STRCx in a $1,501,041.77 Ethereum Settlement Wallet, $472,573.22 with Copper, $0.00 with Ceffu, $8,036.50 in the Stacks Redeeming Reserve, and $100,148.12 of Reserve Fund USDC. Total reported backing was $2,081,799.60 against $1,981,448.18 USDh. The STRCx and BTC basis designs remain documented; the report does not itemize all settlement-wallet or Copper assets or establish the mechanism cutover timestamp.
- Peg Mechanism
- Delta-neutral hedging: BTC spot long + equal BTC short perpetual futures neutralize directional exposure; mint and redeem via KYC-gated Hermetica app; DIA oracle provides reserve-backed fair value pricing on Stacks
- Jurisdiction
- Panama
- Proof Of Reserves
- Self-Reported PoR by Hermetica custodian attestations Reserve source
- Contracts
- 1 deployment tracked across Stacks.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdh-hermetica
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
USDh quick answers
What is Hermetica USDh (USDh)?
Hermetica's synthetic dollar on Stacks now has predominantly tokenized STRC digital-credit backing; docs describe a BTC spot-and-short-perpetual basis strategy The static profile records its US Dollar peg mechanism as: Delta-neutral hedging: BTC spot long + equal BTC short perpetual futures neutralize directional exposure; mint and redeem via KYC-gated Hermetica app; DIA oracle provides reserve-backed fair value pricing on Stacks
Is USDh safe?
Pharos does not mark USDh as absolutely safe. Static metadata says Hermetica USDh uses a Centralized (CeFi) governance model and Crypto-Collateralized backing, with Self-Reported PoR from Hermetica custodian attestations; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDh?
Pharos classifies USDh backing as Crypto-Collateralized. Collateral, per the static profile: At the 2026-09-30 14:00 UTC snapshot, Hermetica reported $1,396,969.74 of STRCx in a $1,501,041.77 Ethereum Settlement Wallet, $472,573.22 with Copper, $0.00 with Ceffu, $8,036.50 in the Stacks Redeeming Reserve, and $100,148.12 of Reserve Fund USDC. Reserve evidence: Self-Reported PoR from Hermetica custodian attestations.
Can USDh be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDh, when applicable, appear in the dossier below.
