# Proof of Solvency

## Introduction

Unlike the majority of stablecoins protocols, eUSD doesn't rely on multisigs or MCP vaults for its backing management but on onchain & permissionless smart contracts called [Stabilizer Module](/products/how-it-works/stabilizer-module.md). The [Stabilizer Module](/products/how-it-works/stabilizer-module.md) is handling mint, burn & redeem operations within approved parameters, you can learn more about it [here](/products/how-it-works/stabilizer-module.md). Users, keepers and anyone can freely interact with the backing of eUSD without any cooldown.

Protocol contributors do not have access to eUSD backing. Moreover the backing is held entirely onchain.

## Reserves Addresses

{% tabs %}
{% tab title="eUSD" %}

| Blockchain | Contract Name  | Contract Address                                                                                                           |
| ---------- | -------------- | -------------------------------------------------------------------------------------------------------------------------- |
| Ethereum   | StabilizereUSD | [0xa474502e8add5e076c40e85831b894b9e98c9d98](https://etherscan.io/address/0xa474502e8add5e076c40e85831b894b9e98c9d98#code) |

{% embed url="<https://app.eusd.xyz/transparency>" %}
{% endtab %}
{% endtabs %}


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.eusd.xyz/security/proof-of-solvency.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.