Electronic USD PriceEUSD

What is Electronic USD (eUSD)?

Electronic USD (eUSD) is a decentralized, US dollar-pegged stablecoin built on the Reserve Protocol as an RToken. It is designed to maintain a 1:1 value with the US Dollar and is backed by a diversified basket of yield-bearing stablecoin derivatives, including Aave V3 USDC, Compound V3 USDC, and Compound V3 USDT. The token is available on Ethereum as an ERC-20, as well as on MobileCoin, Base, and Arbitrum networks. eUSD is designed to reduce single-collateral dependency through a diversified basket, automatic monitoring and an emergency backup reserve; this design does not eliminate risk, since the collateral itself consists of other stablecoin derivatives. Data platforms list a start date of 9 December 2022, while Reserve Protocol's own announcement of the Electronic Dollar was published in late February 2023. Total supply is approximately 27.49M eUSD, the figure reported by most major data platforms; some trackers show lower figures (around 22.7M–23.8M) due to differing snapshot timing. The project continues to publish live reserve feeds, though third-party assessments note thin trading activity, with only a small number of valid markets.

Key Specifications & Tokenomics

• Name: Electronic USD
• Also known as: Electronic Dollar (eUSD)
• Symbol / Ticker: eUSD (also referenced as EUSD)
• Blockchain / Platform: Ethereum (ERC-20), MobileCoin, Base, Arbitrum. On MobileCoin the token uses the MOB standard; on Ethereum, Base and Arbitrum it is an ERC-20.
• Token type: MOB on MobileCoin; ERC-20 on Ethereum, Base, and Arbitrum
• Category / Tags: Stablecoin
• Protocol: Reserve Protocol RToken
• Peg: US Dollar
• Backing model: Crypto-Collateralized
• Governance model: CeFi-Dependent
• Collateral: Diversified basket of yield-bearing stablecoin derivatives: Aave V3 USDC, Compound V3 USDC, and Compound V3 USDT; RSR stakers provide first-loss overcollateralization
• Total supply: approximately 27.49M eUSD, the figure reported by most major data platforms; some trackers show lower figures (around 22.7M–23.8M) due to differing snapshot timing
• Maximum supply: No fixed cap; issuance follows a programmatic schedule tied to collateral deposits rather than a hard limit.
• Ethereum contract: 0xA0d69E286B938e21CBf7E51D71F6A4c8918f482F
• Base contract: 0xCfA3Ef56d303AE4fAabA0592388F19d7C3399FB4
• Arbitrum One contract: 0x12275dcb9048680c4be40942ea4d92c74c63b844
• Official website: https://www.sentz.com

Who created Electronic USD (eUSD)?

eUSD was presented by MobileCoin's Henry Holtzman (Chief Innovation Officer) and Koh (Strategic Operations Lead) at the Reserve Protocol launch, and was developed in collaboration with Reserve Protocol, which supplies the underlying RToken infrastructure. Team information is tracked on TokenInsight (tokeninsight.com/en/coins/electronic-usd/team). The eUSD Digital Cash product, which is a distinct bank-issued stablecoin also using the eUSD ticker, is issued by Telcoin Digital Asset Bank, a Digital Asset Depository Institution regulated by the Nebraska Department of Banking and Finance. Telcoin Digital Asset Bank received final charter approval on Nov. 12, 2025, and eUSD is its first flagship product.

How does Electronic USD (eUSD) work?

Electronic USD operates as an RToken on the Reserve Protocol. Users can mint eUSD by depositing approved collateral assets into the protocol, and redeem eUSD 1:1 against the underlying collateral basket through a permissionless mechanism. The collateral basket combines Compound V3 USDC, Aave V3 USDC, and Compound V3 USDT in equal thirds. To limit depegging risk, the system uses multiple stablecoins so that if one loses value, the others help keep eUSD steady. Automatic monitoring constantly checks the value of the basket's stablecoins, selling weaker ones and replacing them with stronger ones. An emergency backup reserve covers losses, and RSR stakers provide first-loss overcollateralization by absorbing initial losses in case of collateral default. Basket rebalancing occurs via Dutch and batch auctions. The basket protocol is run by smart contracts, published open source, and all balances can be audited by anyone at any time. On the MobileCoin blockchain, eUSD enables borderless, private payments at sub-penny fees, using zero-knowledge cryptography for end-to-end encrypted transactions. The project's whitepaper describes a mechanism for issuing multiple private tokens on-chain, referred to as "Confidential Tokens" (source: MobileCoin Stablecoin Whitepaper, https://cdn.prod.website-files.com/654151be5c8f07ebc15119fb/65de65a6e2ca73b8e449a854_MobileCoin_Stablecoin_Whitepaper_Final_Edits.pdf).

What makes Electronic USD (eUSD) unique and valuable?

Electronic USD differentiates itself through a combination of decentralization, transparency, and privacy. Unlike many stablecoins, eUSD is backed by a diversified basket of yield-bearing stablecoin derivatives rather than a single asset, which reduces dependency on any one stablecoin. The use of Compound and Aave enhances capital efficiency while maintaining liquidity. The protocol includes automatic monitoring and emergency backup reserves to protect the peg. Basket composition changes are discussed and decided through an open, community-run voting process, although data platforms tag the governance model as CeFi-dependent. All smart contracts are open source and auditable in real time. On MobileCoin, eUSD enables private, borderless payments at sub-penny fees, with transaction details visible only to sender and recipient. This privacy feature addresses vulnerabilities to fraud, theft, or discrimination that can arise from public ledgers. Note: a separate product, eUSD Digital Cash, is issued by Telcoin Digital Asset Bank under the Nebraska Financial Innovation Act; it is a distinct bank-issued stablecoin that shares the eUSD ticker and is not the Reserve Protocol RToken described here.

What is Electronic USD (eUSD) used for?

Electronic USD is primarily used as a stable digital dollar for payments, transfers, and savings. Through the Sentz app, users can fund their wallet with local currency or other stablecoins like USDT or USDC, with the balance automatically converting to eUSD. International transfers can be sent globally in seconds for just $0.00256 per payment, and recipients without the app can receive payments via text message. Freelancers and business owners can create invoices that clients pay online using credit or debit cards, with payments automatically converted to eUSD. Withdrawal methods vary by country; in Nigeria, users can withdraw to bank accounts with instant transfers or convert eUSD to USDT or USDC in another wallet. Sentz Earn has been offered to Nigerian users with advertised rates of up to 8% on balances; such rates are promotional and variable, are not guaranteed, and carry platform and regulatory risk. On MobileCoin, eUSD enables private, borderless payments at sub-penny fees and is available to MOBY wallet customers for KYC-compliant private transactions.

How Is the Electronic USD (eUSD) ecosystem developing?

The eUSD ecosystem is expanding across multiple blockchains and applications. It is available on Ethereum, MobileCoin, Base, and Arbitrum. The Sentz app provides consumer-facing payment and remittance services, including international transfers, invoicing, and earnings. MobileCoin has rolled out eUSD to its MOBY wallet customers, enabling private transactions using zero-knowledge cryptography. The launch of eUSD Digital Cash by Telcoin Digital Asset Bank in November 2025 marked a significant regulatory milestone. eUSD is tracked on major data platforms including CoinGecko, Coinbase, Binance, CoinMarketCap, Crypto.com, Bybit, CryptoSlate, DefiLlama, LBank, BitMart, and Yahoo Finance. Spot liquidity is concentrated in Curve pools, including USDC/eUSD and RSR/eUSD pairs. The project continues to develop its reserve transparency with live reserve feeds and community governance processes.

How to mine Electronic USD (eUSD)?

Electronic USD is not mined through proof-of-work or traditional mining mechanisms. It is a stablecoin minted by depositing approved collateral assets into the Reserve Protocol. Users can acquire eUSD by minting it directly through the protocol with supported stablecoins such as USDC or USDT, or by purchasing it on supported trading venues. RSR stakers play a critical role by providing first-loss overcollateralization; they stake Reserve Rights tokens to back the eUSD basket and absorb initial losses in case of collateral default. This staking mechanism is integral to the protocol's security and stability. There is no mining reward schedule for eUSD itself. Instead, yield can be earned through Sentz Earn, which has been offered to Nigerian users with advertised rates of up to 8% on balances; such rates are promotional and variable, are not guaranteed, and carry platform and regulatory risk. Yield can also be earned through the yield-bearing nature of the underlying collateral assets in the basket.

How to keep your Electronic USD (eUSD) Coin safe?

To keep eUSD safe, use reputable self-custody wallets that support ERC-20 tokens on Ethereum, Base, or Arbitrum, or wallets compatible with MobileCoin for private transactions. Always verify contract addresses before interacting with any token: the Ethereum contract is 0xA0d69E286B938e21CBf7E51D71F6A4c8918f482F, the Base contract is 0xCfA3Ef56d303AE4fAabA0592388F19d7C3399FB4, and the Arbitrum One contract is 0x12275dcb9048680c4be40942ea4d92c74c63b844. Store private keys and seed phrases offline and never share them. Before interacting, review the token contract's permissions and any admin functions on a block explorer. For enhanced privacy, use MobileCoin's MOBY wallet, which provides end-to-end encryption so only sender and recipient can see transaction details. Regularly audit your holdings using blockchain explorers and consider using hardware wallets for large balances. Stay informed about governance decisions and basket composition changes through official channels.