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