Electronic USD token
Overview
Electronic USD (eUSD) is a yield-bearing stablecoin issued by the Lybra Finance protocol on Ethereum. It is backed by liquid staked ETH (stETH) and maintains a soft peg to the US dollar. eUSD serves as a stable value medium in DeFi while accruing yield from ETH staking rewards.
Within the DeFi Intel graph, Electronic USD connects to 7 tracked entities, most strongly to Ethereum, Arbitrum, Base.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 7 of 7 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Base | 95% |
issued_by | Reserve Protocol | 95% |
backed_by | USD Coin | 90% |
backed_by | Tether USD | 90% |
backed_by | Dai | 90% |
Frequently asked questions
What is Electronic USD?
Electronic USD (eUSD) is a yield-bearing stablecoin issued by the Lybra Finance protocol on Ethereum, backed by liquid staked ETH (stETH) and maintaining a soft peg to the US dollar.
What chains is Electronic USD deployed on?
Electronic USD is deployed on Ethereum, Base, and Arbitrum.
What assets back Electronic USD?
Electronic USD is backed by liquid staked ETH (stETH) and also by USD Coin, Tether USD, and Dai.