Article Summary, Automatically Generated By AI
Summary of Electronic USD (eUSD)
- eUSD is a decentralized, asset-backed stablecoin built on Reserve Protocol, available on Ethereum and MobileCoin blockchains.
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Characteristics:
- Pegged to USD
- Proof of reserves on-chain 24/7
- Backed 1:1 by a diversified basket of yield-bearing trusted stablecoins
- Censorship-resistant
- Over-collateralized and community-governed
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eUSD use cases:
- Ethereum: paired with incentivized liquidity on decentralized exchanges (e.g., Curve Finance)
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About eUSD: A Stablecoin Pegged to the US Dollar
The Electronic Dollar (eUSD) is a decentralized, 1:1 asset-backed stablecoin, meticulously crafted with Reserve Protocol, and seamlessly deployed on both the Ethereum and MobileCoin blockchains. Notably, it distinguishes itself from other stablecoins through its decentralized, community-driven governance and unwavering commitment to censorship resistance.
eUSD is distinguished by the following attributes, universally applicable across all blockchains: * Pegged to the US dollar * Offering 24/7 on-chain proof of reserves, ensuring auditable transparency * Backed 1:1 by a diversified basket of yield-bearing trusted stablecoins (aUSDC, aUSDT, cUSDC, cUSDT) * Boasting censorship resistance, courtesy of derivative assets (receipt tokens) from the most successful and proven DeFi protocols, Aave and Compound * Over-collateralized and governed by the community in a fully decentralized manner
eUSD on Ethereum: * By leveraging Reserve’s incentivized liquidity on decentralized exchanges, such as Curve Finance, participants within the DeFi ecosystem and DAO treasuries can generate a yield that is not only decentralized and censorship-resistant, but also remarkably stable.
eUSD on Mobilecoin boasts a trifecta of innovative features: * Private transactions facilitated by end-to-end zero-knowledge encryption, ensuring utmost confidentiality * A KYC/AML-permissioned bridge, designed to support seamless regulatory compliance * Optimized for mobile devices, with lightning-fast settlement in under 5 seconds and nominal fees of a flat $0.0025 per transaction in eUSD, regardless of transaction size