In an effort to improve the transparency of the Hermetica protocol’s backing assets, we are excited to share our fifteenth attestation report from all integrated custodians, verifying the assets backing USDh reside off-exchange within institutional custodial solutions.
Attestation reports will be released on a monthly basis to provide regular updates as to the amount and location of the assets backing the protocol.
As of 15:00 UTC March 19th, 2026, USDh supply was $9,441,388.43 per the sources below
9,053,154.53 USDh on Stacks per the Stacks explorer link: https://explorer.hiro.so/token/SPN5AKG35QZSK2M8GAMR4AFX45659RJHDW353HSG.usdh-token-v1?chain=mainnet

383,850.25 USDh on Runes per the etchings and protocol addresses below:
USDh Token Etching: USDH•USDH•USDH•USDH
USDh & sUSDh Cold Wallet: bc1q24t48s4lyks0309u9arqtqcrj5txc73pf6xfuxcfdgznz92wewvs8lr8re
Protocol Address 1: bc1ppd9xd0dgnt88wfxv4fudy407y4mvq8ar62r5xw9yrlzsfxxcr96sskfd2w
Protocol Address 2: bc1p7s7qa93gckae09lmvxpqm6j7xeva6a0pstu53397s7te86jeygxss0f0a4
The circulating supply is verifiable on-chain by subtracting the tokens held in the reserve and protocol wallets from the total supply:
Circulating supply = 1 quadrillion — reserve wallet — protocol wallets
$6,891,105.93 has been verified to be held within solutions offered by Copper as of 15:00 UTC March 19th, 2026, including unrealized P&L.
$2,411,932.27 has been verified to be held within solutions offered by Ceffu as of 15:00 UTC March 19th, 2026, including unrealized P&L.
At 15:00 UTC March 19th, 2026, there was $136,764.24 in the Redeeming Reserve on Stacks, $3,590.12 in the Redeeming Reserve on Ethereum, $0.00 in the Minting Wallet, and $100,148.12 in the Reserve Fund.
Redeeming Reserve Stacks: SPN5AKG35QZSK2M8GAMR4AFX45659RJHDW353HSG.redeeming-reserve-v1–2
Redeeming Reserve Ethereum: 0xdDf6954BA51958DB59f32369309212aa0735a60e
Minting Wallet: 0x6aA30bB7C64F43a3316d5E522ce01096557E5891
Reserve Fund Address: 0xB7Fc1162B65a4a01F0924dDa980D52B629fEa9a6
In summary, as of the snapshot time:
USDh supply: $9,441,388.43
Copper custodied assets: $6,891,105.93
Ceffu custodied assets: $2,411,932.27
Redeeming Reserve Stacks: $136,764.24
Redeeming Reserve Ethereum: $3,590.12
Minting Wallet: $0.00
Total backing assets: $9,443,392.57
Reserve Fund: $104,531.76
• USDC: $100,148.12
• USDh: $4,383.65Total % of USDh: 101.08%
Ceffu Attestation

Copper Attestation


