Halo

Halo is a digital dollar protocol based on Hyperliquid, and its issuance of HUSD is a treasury-backed stablecoin that will be available on both HyperCore and the HyperEVM. Accordingly, users will be able to trade it against USDC on a spot order book as well as use it across integrated DeFi applications. Its collateral backing will be visible down to each individual International Securities Identification Number (ISIN) or equivalent token, with attestations pushed daily. HUSD can be minted with, or redeemed for, this underlying collateral by institutional entities onboarded with Halo’s service provider, MXON.