eUSD
Electronic Dollar
active
Crypto Backed
USD
Market Cap $23M
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 Data
| Backing | Compound v3 USDT position; Compound v3 USDC position; Aave v3 USDC position |
| Reserve Reporting | Proof-of-reserves |
| 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. |
| Peg Currency | USD |
| Launched | 2023 |
Supported Networks
Cross-Chain Supply ($10M total)
Use Cases
Defi CollateralSettlement
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.
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.