What is eUSD (EUSD)

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eUSD is a regulated bank issued Digital Cash stablecoin that serves as an on-chain representation of U.S. dollar deposits. It is issued by Telcoin Digital Asset Bank, which is the first institution in the United States to receive a Digital Asset Depository Institution charter from the Nebraska Department of Banking and Finance. This regulatory framework enables a direct native connection between traditional U.S. bank accounts and blockchain networks, effectively bridging the gap between legacy financial systems and decentralized finance. By maintaining bank grade compliance and transparency, eUSD provides a secure on-chain version of the dollar for everyday use in payments and deposits, and serves as an efficient tool for modern financial activities.

Unlike non-bank issued or offshore stablecoins, eUSD is issued by a regulated depository institution and is designed to be fully backed one to one by high quality liquid assets. These reserves primarily consist of U.S. dollar deposits and short term U.S. treasuries held in regulated accounts. This structure ensures robust consumer protections and oversight while allowing the asset to function as programmable money. As an intrinsic tool in the Internet of Money, eUSD facilitates near instant cross border remittances and direct merchant payments. By utilizing blockchain for settlement, the project aims to streamline everyday transactions and reduce the high costs and delays associated with traditional banking rails.