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Electronic USD

eUSD

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Electronic USD Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BigONEeUSD/USDT149,474.8745,2794,172.880cex4627/9/2025, 6:15 AM
BitMartEUSD/USDT150,005.6341,624.9174.440cex4847/9/2025, 6:21 AM
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Electronic USD FAQ

{ "q": "about", "a": "The Electronic Dollar (eUSD) is a decentralized, asset-backed stablecoin with a 1:1 ratio, constructed using the Reserve Protocol and operational on the Ethereum and MobileCoin blockchains. It distinguishes itself from other stablecoins through its decentralized, community-governed, and censorship-resistant characteristics.\n\neUSD offers the following features across all blockchains:\n- Pegged to USD.\n- On-chain proof of reserves available 24/7 for auditing and transparency.\n- Backed 1:1 by a diversified collection of yield-bearing, trusted stablecoins, including aUSDC, aUSDT, cUSDC, and cUSDT.\n- Censorship-resistant, leveraging derivative assets (\"receipt tokens\") from established DeFi protocols such as Aave and Compound.\n- Over-collateralized and governed by the community in a fully decentralized manner.\n\neUSD utilization on Ethereum:\n- Integrated with Reserve's incentivized liquidity on decentralized platforms like Curve Finance, allowing participants in the DeFi ecosystem and DAO treasuries to earn decentralized, censorship-resistant, and stable yields.\n\neUSD utilization on MobileCoin:\n- Facilitates private transactions utilizing end-to-end zero-knowledge encryption.\n- Employs a KYC/AML-compliant bridge to ensure regulatory adherence.\n- Tailored for mobile devices, offering settlement in under 5 seconds with minimal fees (a flat $0.0025 per transaction in eUSD) payable in eUSD regardless of the transaction size.\n\nVisit this information on [Eulerpool](https://www.eulerpool.com).", "rank": "0" }

What is Electronic USD?

Electronic USD (eUSD) distinguishes itself as a decentralized, 1:1 asset-backed stablecoin, seamlessly integrated within the Reserve Protocol ecosystem. Unlike conventional stablecoins, eUSD is overcollateralized by RSR tokens and supported by a diversified portfolio of yield-bearing stablecoins, including aUSDC, aUSDT, cUSDC, and cUSDT. This composition ensures its stability and resistance to censorship, utilizing derivative assets from established DeFi protocols such as Aave and Compound. On the Ethereum blockchain, eUSD is paired with Reserve's incentivized liquidity on decentralized exchanges like Curve Finance. This integration enables participants in the DeFi ecosystem and DAO treasuries to earn yield that is both decentralized and censorship-resistant while maintaining stability. The proof of reserves is consistently accessible on-chain 24/7, ensuring transparency and auditability. Within the MobileCoin ecosystem, eUSD enables private transactions through end-to-end zero-knowledge encryption. It supports regulatory compliance via a KYC/AML-permissioned bridge and is tailored for mobile devices, offering settlement times of under 5 seconds and minimal transaction fees. Each transaction carries a fixed fee of $0.0025 in eUSD, irrespective of the transaction size, making it highly efficient for digital payments and remittances. eUSD's decentralized governance model ensures community involvement in its operations, enhancing its resilience and adaptability. This community-driven approach, in conjunction with its overcollateralization and diversified backing, establishes eUSD as a strong and dependable stablecoin in the cryptocurrency landscape.

What technology underpins Electronic USD?

Electronic USD (eUSD) functions on an advanced blockchain framework that guarantees secure and transparent transaction record-keeping. This digital ledger technology is integral to eUSD, offering a decentralized and immutable method for tracking and verifying transactions. The decentralized nature of the blockchain implies that no single entity governs the entire network, thereby enhancing security and trust among users. A crucial element of the blockchain technology underpinning eUSD is its capability to thwart attacks from malicious actors. This is facilitated through a consensus mechanism where multiple nodes (computers) within the network must concur on the validity of transactions before they are recorded on the blockchain. Such a consensus mechanism makes it exceedingly challenging for any single malicious actor to modify transaction records, as they would need to control a majority of the network's nodes, an almost impossible task in a well-distributed network. eUSD is a decentralized 1:1 asset-backed stablecoin developed with the Reserve Protocol, available on both the Ethereum and MobileCoin blockchains. This dual-blockchain strategy offers both flexibility and durability. On Ethereum, eUSD is paired with Reserve's incentivized liquidity on decentralized exchanges such as Curve Finance. This arrangement allows participants in the DeFi ecosystem and DAO treasuries to earn yield that is decentralized, censorship-resistant, and stable. The Ethereum blockchain ensures that eUSD is pegged to the USD, with on-chain proof of reserves available constantly. This guarantees that the reserves backing eUSD are auditable and transparent at all times. The stablecoin is backed 1:1 by a diversified basket of yield-bearing trusted stablecoins like aUSDC, aUSDT, cUSDC, and cUSDT. This over-collateralization and the use of derivative assets from established DeFi protocols like Aave and Compound enhance its censorship-resistant attributes. On the MobileCoin blockchain, eUSD facilitates private transactions using end-to-end zero-knowledge encryption, ensuring that transaction details remain confidential and user privacy is enhanced. Moreover, MobileCoin's infrastructure supports regulatory compliance through a KYC/AML-permissioned bridge. Transactions on MobileCoin are optimized for mobile devices, with settlement times of less than 5 seconds and minimal fees of $0.0025 per transaction, irrespective of the transaction size. The community governance model of eUSD ensures its management in a thoroughly decentralized manner. This means that decisions regarding the stablecoin are made collectively by its users, rather than a central authority. This decentralized governance model strengthens the resilience and adaptability of eUSD, allowing it to evolve according to the needs and preferences of its community. The amalgamation of these technologies and principles renders eUSD a robust and versatile stablecoin. Its decentralized, community-governed nature, combined with its deployment of cutting-edge blockchain technologies, ensures that it remains secure, transparent, and resistant to censorship.

What are the practical applications of Electronic USD in real-world scenarios?

The Electronic Dollar (eUSD) is a decentralized stablecoin anchored to the US Dollar, developed on the Reserve Protocol and accessible on the Ethereum and MobileCoin blockchains. Its unique attributes of decentralization, community governance, and resistance to censorship distinguish it from other stablecoins. A key practical application of eUSD is in facilitating payments and purchases. By maintaining a peg to the US Dollar, it ensures stable value, making it an ideal medium for everyday transactions, free from the volatility typical of other cryptocurrencies. This stability is vital for both merchants and consumers who desire predictable value in their transactions. On the Ethereum blockchain, eUSD is paired with Reserve's incentivized liquidity on decentralized exchanges such as Curve Finance. This setup enables participants in the DeFi ecosystem and DAO treasuries to earn yield that is decentralized, censorship-resistant, and stable. The proof of reserves is available on-chain and can be audited around the clock, ensuring transparency and fostering trust. For MobileCoin users, eUSD provides private transactions through end-to-end zero-knowledge encryption, safeguarding transaction confidentiality and enhancing user privacy. Moreover, eUSD transactions on MobileCoin are optimized for mobile devices, featuring settlement times under 5 seconds and minimal fees of $0.0025 per transaction, regardless of the transaction size, making it highly efficient for microtransactions and everyday use. eUSD also accommodates regulatory compliance via a KYC/AML-permissioned bridge, ensuring adherence to legal requirements while preserving its decentralized principles. This equilibrium between privacy and compliance renders it a versatile tool for both personal and business transactions. In a broader sense, eUSD can be utilized to gather information on user activity, deliver relevant advertisements, and infer user identities. Such data can be used to enhance user experiences and customize services according to individual preferences. The decentralized, over-collateralized nature of eUSD, supported by a diversified portfolio of yield-bearing stablecoins such as aUSDC, aUSDT, cUSDC, and cUSDT, guarantees its stability and reliability. This makes it a robust choice for individuals wishing to participate in the digital economy without the inherent risks associated with traditional cryptocurrencies. For detailed information, please refer to Eulerpool.

What significant events have occurred for Electronic USD?

Electronic USD (eUSD) is a decentralized, asset-backed stablecoin with a 1:1 ratio, developed using the Reserve Protocol. It is accessible on the Ethereum and MobileCoin blockchains. This stablecoin stands out due to its decentralized structure, community governance, and resistance to censorship. Pegged to the USD, it maintains on-chain proof of reserves continuously, ensuring both transparency and auditability. eUSD is supported 1:1 by a diverse array of yield-generating, reliable stablecoins, such as aUSDC, aUSDT, cUSDC, and cUSDT. Its use of derivative assets from DeFi protocols like Aave and Compound strengthens its resistance to censorship. Despite its innovative characteristics and potential, Electronic USD has not experienced any significant events.

Who are the founders of Electronic USD?

Electronic USD (eUSD) is a decentralized, asset-backed stablecoin maintained at a 1:1 ratio, developed using the Reserve Protocol and available on both the Ethereum and MobileCoin blockchains. Although it boasts several innovative features, details about the founders of Electronic USD are not provided in the current information. This stablecoin is characterized by its decentralized, community-governed, and censorship-resistant qualities. It maintains a 1:1 peg with the USD, supported by a diversified basket of yield-generating, trusted stablecoins including aUSDC, aUSDT, cUSDC, and cUSDT. The lack of information about the founders creates a gap in comprehending the individual contributions to the development of eUSD.

Investors interested in Electronic USD are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.