BitMart, a global digital asset trading platform, will list Electronic USD (eUSD) for all BitMart users on July 31, 2024. The eUSD/USDT trading pair will be officially available for trading at 10:00 (UTC).
What is Electronic USD (eUSD)?
Electronic USD (eUSD) is a decentralized stablecoin designed to maintain a 1:1 peg to the US Dollar. Built with the Reserve Protocol, eUSD is available on the Ethereum, MobileCoin, Base, and Arbitrum blockchains. Unlike other stablecoins, eUSD is distinguished by its decentralized governance, community oversight, and robust censorship-resistant framework.
It is backed 1:1 by a diversified basket of yield-bearing stablecoins, including aUSDC, aUSDT, cUSDC, and cUSDT. The proof of reserves for eUSD is on-chain and auditable 24/7, ensuring complete transparency and trust in its stability.
Why Electronic USD (eUSD)?
Electronic USD (eUSD) offers a secure and reliable alternative to traditional stablecoins through its decentralized and community-governed structure. By leveraging derivative assets from proven DeFi protocols such as Aave and Compound, eUSD ensures censorship resistance and over-collateralization, providing a robust financial instrument for users.
Its integration across multiple blockchains, including Ethereum, MobileCoin, Base, and Arbitrum, enhances its accessibility and utility in various decentralized yield-earning applications. With eUSD, users benefit from a stable and transparent asset that aligns with the principles of decentralization and community empowerment.
About BitMart
BitMart Exchange is a premier global digital assets trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, BitMart currently offers 1,400+ trading pairs with one of the lowest trading fees in the industry. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download the BitMart App to trade anytime, anywhere.
About Electronic USD (eUSD))
Token Name: Electronic USD
Token Symbol: eUSD
Token Type: MOB
Total Supply: 23,775,649 eUSD
To learn more about Electronic USD (eUSD), please visit their Website, follow their X (Twitter), and join their Discord.
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