Electronic USD
EUSD Rank #822Price chart
What is Electronic USD?
Backing structure
Electronic USD uses Reserve’s RToken framework on Ethereum. Its backing strategy holds stablecoin-related collateral, including lending receipt tokens. Aave and Compound positions are included in its collateral methodology. Those positions can generate income from lending activity. The token’s dollar reference concerns the combined backing basket. Governance can change eligible collateral and its composition.
Issuance and protection
Minting creates eUSD against the required basket assets. Redemption returns the applicable collateral under the protocol’s rules. Supply therefore follows minting and redemption rather than a fixed mining schedule. RSR stakers participate in the governance and protection layer. Their stake provides capital that can be sold when backing must be restored. Stakers can receive an allocated portion of collateral income. That arrangement is separate from a fixed interest payment to every eUSD holder. Proposals in 2026 revise collateral categories and concentration limits. Proposed changes should be distinguished from a basket already implemented onchain. A bridged Base representation connects the Ethereum-issued asset with another network.
Where to trade EUSD
4 exchanges · top 10
Live spot quotes from connected exchanges
EUSD funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.