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Electronic Dollar

$23M market cap

Issued by Reserve Protocol · reviewed 11 October 2026

Market cap: $23M -1.44% 7d
30-day trend
Volume / market cap: 3.9%
Peg drift, 30 days: 0.31%

Market data as of 11 October 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

eUSD is a USD-pegged Reserve Protocol token launched in February 2023. It is backed by a basket of on-chain stablecoin-derived collateral rather than direct fiat reserves.

01

Instrument facts

Symbol	eUSD
Peg	USD
Backing	Crypto backed
Status	Active
Launched	2023
Networks	L1 EVM Ethereum L1 non EVM MobileCoin L2 Base
Specifications	Backing Compound v3 USDT position; Compound v3 USDC position; Aave v3 USDC position Redemption Reserve documentation states that DTF tokens can be redeemed permissionlessly for their underlying collateral through the application or smart contracts, without custodians or order books. KYC required No
Use cases	DeFi collateral, Settlement

02

Supply by chain

2 chains · $23M total

Chain	Supply
Base	$18M
Ethereum	$5M

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

03

Contract addresses

3 chains

Chain	Address
Arbitrum One	`0x12275dcb9048680c4be40942ea4d92c74c63b844`
Base	`0xcfa3ef56d303ae4faaba0592388f19d7c3399fb4`
Ethereum	`0xa0d69e286b938e21cbf7e51d71f6a4c8918f482f`

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site

04

Background

Overview

eUSD is a USD-pegged Reserve Protocol token launched in February 2023. It is backed by a basket of on-chain stablecoin-derived collateral rather than direct fiat reserves.

Key Features

Reserve Yield DTF structure
1:1 on-chain backing by yield-bearing stablecoin derivatives
Permissionless minting and redemption for underlying collateral
RSR staking can provide overcollateralization and first-loss protection

Reserve Backing

Compound v3 USDT position; Compound v3 USDC position; Aave v3 USDC position.

Supported Networks

Available on Ethereum, MobileCoin, Base.

05

Frequently asked questions

What is Electronic Dollar?

eUSD is a USD-pegged Reserve Protocol token launched in February 2023. It is backed by a basket of on-chain stablecoin-derived collateral rather than direct fiat reserves.

How is eUSD backed?

Compound v3 USDT position; Compound v3 USDC position; Aave v3 USDC position

Which networks carry eUSD?

eUSD is recorded on 3 networks, including Ethereum, MobileCoin, Base.

What is the market capitalization of eUSD?

eUSD has a market capitalization of $23M as of 11 October 2026.

06

Other US dollar stablecoins

Compiled from issuer disclosures, on-chain data and market data. All issuers · Methodology