# eUSD

## eUSD

eUSD is the USD stablecoin of the Eden ecosystem. It is a decentralized, overcollateralized asset minted exclusively on Ethereum and backed by a basket of cryptocurrencies and stablecoins, including yield-bearing collateral such as Morpho vaults. The issuance and redemption of eUSD are managed by eUSD protocol modules on Ethereum, after which eUSD is bridged to Eden via Hyperlane.

Unlike yield-bearing stablecoin wrappers, eUSD does not have a savings module. Instead, 90% of the yield generated by backing assets is used to buy back TIA and distribute it as incentives across the Eden ecosystem.

eUSD is deployed on:

| Blockchain | Contract Address                                                                                                                        |
| ---------- | --------------------------------------------------------------------------------------------------------------------------------------- |
| Ethereum   | [0x399cc65703e01c7fdefdf27093f84e7eb4b3f8b6](https://etherscan.io/address/0x399cc65703e01c7fdefdf27093f84e7eb4b3f8b6#code)              |
| Celestia   | 0x726f757465725f61707000000000000000000000000000020000000000000013                                                                      |
| Eden       | [0xF4e644772b17b6c57327F4D111a73D68C8cC731B](https://eden.blockscout.com/token/0xF4e644772b17b6c57327F4D111a73D68C8cC731B?tab=contract) |

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