<!--
Sitemap:
- [Overview](/index): Introducing eUSD
- [Product](/introduction/product): Discover eUSD
- [Use Cases](/introduction/use-cases): Concrete use cases of eUSD
- [How it Works](/products/how-it-works/): eUSD is a decentralized, capital-efficient and over-collateralized USD stablecoin built on a modular & upgradable architecture. It is minted exclusively on Eth…
- [Stabilizer Module](/products/how-it-works/stabilizer-module): Explaining the Stabilizer Module
- [Flashloan Module](/products/how-it-works/flashloan-module): Flash loans (also called One Block Borrows) are special transactions that allow the borrowing of an asset, as long as the borrowed amount (and a fee) is return…
- [eUSD](/products/eusd/): Explaining eUSD
- [Implementation](/products/eusd/implementation): Detailing current eUSD production implementation
- [Fee Distribution](/products/eusd/fee-distribution): eUSD generated fees by the codebase are distributed as follows:
- [Licensing](/products/licensing): eUSD is divided into 3 different repositories, each with different licenses:
- [Proof of Solvency](/security/proof-of-solvency): eUSD Proof of Solvency
- [Hypernative](/security/hypernative): Hypernative is a leading real-time security platform that unites alerting and threat prevention with a sharp focus on early detection of on-chain threats and a…
- [Keepers](/security/keepers)
- [Audits](/security/audits): A breakdown of security reviews covering deployed smart contracts of eUSD
- [Multisigs](/security/multisigs): A breakdown of multisigs used in eUSD
- [Introduction](/developers-hub/introduction): TBA
- [Stabilizer Module](/developers-hub/stabilizer-module)
- [Flashloan Module](/developers-hub/flashloan-module)
- [Onchain Tools](/developers-hub/onchain-tools/)
- [Oracles](/developers-hub/onchain-tools/oracles/): Explore eUSD price feeds deployed by third party protocols.
- [RedStone](/developers-hub/onchain-tools/oracles/redstone): More details on Fundamental RedStone Oracles
- [Offchain Tools](/developers-hub/offchain-tools/)
- [Subgraphs](/developers-hub/offchain-tools/subgraphs): TBA
- [Dune](/developers-hub/offchain-tools/dune): TBA
- [Build on eUSD](/developers-hub/build-on-eusd/): The goal of these guides is to help developers, such as third-party protocols, arbitrageurs or keepers; understand and build on-top of eUSD.
- [Stabilizer Module Integration](/developers-hub/build-on-eusd/stabilizer-module-integration): The Stabilizer Module serves as the core minting and burning engine for eUSD.
- [Flashloan Module Integration](/developers-hub/build-on-eusd/flashloan-module-integration): The Flashloan module serves as the core minting and burning engine for eUSD.
- [Addresses](/developers-hub/addresses/): Deployed eUSD smart contracts
- [eUSD](/developers-hub/addresses/eusd/)
- [Ethereum](/developers-hub/addresses/eusd/ethereum): Deployed eUSD smart contracts on Ethereum
- [Celestia](/developers-hub/addresses/eusd/celestia): Deployed eUSD smart contracts on Celestia
- [Eden](/developers-hub/addresses/eusd/eden): Deployed eUSD smart contracts on Eden
- [User Guides](/resources/user-guides): TBA
-->

# Product

## eUSD

eUSD is decentralized stable currency issued by the protocol on Ethereum and bridged to Eden. The issuance is handled through minting modules, such as the Stabilizer Module, where users deposit an overcollateralized basket of correlated assets (such as other stablecoins) to mint new tokens. For each $1 of stablecoin minted, $1 is invested in low risk strategies to generate yield, helping to fuel the entire ecosystem by using generated yield to buy back TIA and distribute them as incentives.

To ensure price stability, the protocol automatically adjusts minting or burning fees whenever the token deviates from its reference currency. In practice, these stablecoins form the core of the eUSD system and serve as the foundation for all other ecosystem products.

<a href="/products/eusd" className="button primary">Discover eUSD</a>
