Legal
Who stands behind USDh and sUSDh, what you can claim and from whom, who can use them, and where the full terms are.
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 that has passed the issuer’s checks and accepted the Mint User Agreement. It can mint and redeem USDh with the issuer 1:1. |
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 and Conditions, the Terms of Service and the Staking Terms.
The full terms#
| Document | What it covers |
|---|---|
| Terms of Service | The rules for using usdh.money and the app |
| Privacy Policy | What data is collected and why |
| USDh Terms and Conditions | Your rights and duties as a USDh holder |
| Mint User Agreement | For businesses that mint and redeem with the issuer |
| Staking Protocol Terms of Use | The rules for staking |
| Staking Risk Disclosure | The risks of staking |
| General Risk Disclosures | The risks of holding USDh |
Where this page and the full terms differ, the full terms win.
Questions: legal@usdh.money · privacy@usdh.money