# About USDhl

#### What is USDhl?

USDhl is a fiat-backed stablecoin custom-built for the Hyperliquid ecosystem. It serves as a building block for HIP-3, FX, payments, and more.

Furthermore, unlike legacy fiat-backed stables, yield from USDhl is distributed back to users. 

**Additional Info:**

* USDhl is powered by [M0](https://www.m0.org/)'s stablecoin infrastructure - it is backed 1:1 by M, a wholesale dollar collateralized by short-term treasuries.
* USDhl is a public good built by [Felix](https://usefelix.xyz).

#### Core Documentation

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><mark style="color:yellow;"><strong>USDhl Architecture</strong></mark></td><td>A detailed explanation of USDhl's design and how M0's infrastructure is leveraged.</td><td><a href="usdhl-architecture">usdhl-architecture</a></td></tr><tr><td><mark style="color:yellow;"><strong>Rewards Program</strong></mark></td><td>An overview of how USDhl's revenues are distributed back to users via a 2-week epoch rewards program.</td><td><a href="rewards-program">rewards-program</a></td></tr><tr><td><mark style="color:yellow;"><strong>Use Cases</strong></mark></td><td>A guide on how USDhl can be used: earn with USDhl, trade with USDhl, and pay with USDhl.</td><td><a href="use-cases">use-cases</a></td></tr></tbody></table>

#### Advanced Documentation

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><mark style="color:yellow;"><strong>Developers</strong></mark></td><td>Documentation on the contract deployment addresses and how to interact with USDhl programmably.</td><td><a href="advanced/developers">developers</a></td></tr><tr><td><mark style="color:yellow;"><strong>Security</strong></mark></td><td>A breakdown of the audits for each contract deployment.</td><td><a href="advanced/security">security</a></td></tr></tbody></table>


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