hyUSD is the most decentralized stablecoin on Solana, pegged 1:1 to the US Dollar and backed by liquid staking tokens (LST). hyUSD benefits from direct redemption at any time, and the backing reserve is directly auditable on-chain at any time.

hyUSD is pegged 1:1 to the US Dollar, meaning 1 hyUSD is always redeemable for $1 worth of underlying assets.

Yes — hyUSD is fully redeemable 24/7, directly to the underlying reserve. No permissions, no waiting, just one transaction.

An overcollateralized stablecoin is backed by more value in reserves than the value of the stablecoin itself. This means that for every 1 hyUSD issued, there's more than $1 worth of collateral locked to support it. This extra backing helps ensure stability and protect against market volatility.