<!--
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
-->

# 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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