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Electronic USD news
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About Electronic USD
The Electronic Dollar (eUSD) is a decentralized 1:1 asset-backed stablecoin built with Reserve Protocol, available on the Ethereum and MobileCoin blockchains. It sets itself apart from other stablecoins due to its decentralized, community-governed, and censorship-resistant nature.
eUSD embodies the following characteristics across all blockchains:
* Pegged to USD
* Proof of reserves on-chain 24/7 (auditable and transparent)
* Backed 1:1 by a diversified basket of yield-bearing trusted stablecoins (aUSDC, aUSDT, cUSDC, cUSDT)
* Censorship-resistance (from utilizing derivative assets (“receipt tokens”) from the most successful/proven DeFi protocols Aave and Compound)
* Over-collateralized and governed by the community in a fully decentralized way
eUSD use on Ethereum:
* Paired with Reserve's incentivized liquidity on decentralized exchanges, such as Curve Finance, DeFi ecosystem participants and DAO treasuries can earn yield that is decentralized, censorship-resistant, and most of all, stable.
eUSD use on Mobilecoin:
* Private transactions using end-to-end zero-knowledge encryption
* Uses a KYC/AML-permissioned bridge to support regulatory compliance
* Optimized for mobile devices, settlement in less than 5 seconds and sub-penny fees (a flat $0.0025 per transaction in eUSD) paid in eUSD no matter the transaction size
The live Electronic USD price today is $1.00 USD with a 24-hour trading volume of $395,417 USD. We update our eUSD to USD price in real-time. Electronic USD is down 0.25% in the last 24 hours. The current CoinMarketCap ranking is #3066, with a live market cap of not available. The circulating supply is not available and a max. supply of 18,384,059 EUSD coins.
If you would like to know where to buy Electronic USD at the current rate, the top cryptocurrency exchange for trading in Electronic USD stock is currently BigONE. You can find others listed on our crypto exchanges page.