HYUSD, issued by the Hylo Protocol smart contracts under the governance of onchain Solana programs, is a decentralized stablecoin pegged 1:1 to the U.S. dollar (USD) and backed by a shared pool of Solana liquid staking tokens. [S1][S2]

Each HYUSD references the U.S. dollar (USD) at a 1:1 peg and is backed by a diverse basket of Solana liquid staking tokens (LSTs) held in a shared onchain collateral pool, not cash or U.S. Treasury bills. [S1][S2] HYUSD held outright accrues no yield; all harvested LST yield is concentrated into the Stability Pool token sHYUSD. [S3] Fees are dynamic, tied to the Collateral Ratio, and minimal when collateralization exceeds 150%. [S4][S5]

Hylo is presented as a decentralized protocol issuing tokens through onchain Solana programs rather than a single corporate entity, and no issuing legal entity is constituted. [S1][S2] The holder's claim is mechanical redemption against the onchain collateral pool rather than a traditional legal instrument. [S1] No holder eligibility gating is imposed, and HYUSD may be redeemed at any time directly against the pool, with redemption fees varying by Collateral Ratio. [S1][S5][S4] Reserves are held onchain in the protocol's collateral pool and are auditable onchain at any time, protected by the Collateral Ratio framework, two-tier Stability Modes, and the Stability Pool. [S1][S5]

HYUSD is issued natively on the Solana blockchain. [S1][S2] Tokens are minted and redeemed directly against the onchain collateral pool, with settlement effectively immediate onchain. [S1][S2] The system computes the Collateral Ratio and token prices from a SOL price input; HYUSD is fixed at 1 USD. [S2][S5] Program releases are audited by OtterSec and Accretion. [S6]

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://hylo.so/hyusd" },
    { id: "S2", url: "https://docs.hylo.so/protocol-overview/hyUSD-&-xSOL" },
    { id: "S3", url: "https://docs.hylo.so/protocol-overview/earning-yield-with-hyUSD.md" },
    { id: "S4", url: "https://docs.hylo.so/protocol-overview/get-leverage-with-xSOL.md" },
    { id: "S5", url: "https://docs.hylo.so/protocol-overview/risk-management.md" },
    { id: "S6", url: "https://docs.hylo.so/security/audits.md" },
  ]}
/>


Stablecoins

The protocol operates through smart contracts that handle community formation, governance voting, and resource allocation, with communities able to customize their economic models and decision-making processes. Revenue is generated through protocol fees and premium features for community creators, while leveraging blockchain technology to ensure transparent governance and data ownership.

The project provides infrastructure for building community-driven social applications with integrated governance, token economics, and reputation systems. Hylo focuses on creating decentralized alternatives to traditional social media platforms, emphasizing community ownership and member-controlled governance structures.

Hylo is a decentralized protocol that enables communities to create and manage their own social networks and collaborative platforms on-chain.

twitter

website

Real-world asset (RWA) issuers

Hylo

Hylo USD (HYUSD) is a U.S. dollar stablecoin issued by Hylo.

Retail investors can mint and redeem directly with Hylo in USDC.

HYUSD has been issued on Solana as a SPL Token token since April 2025.

Hylo USDHYUSD

All metrics