---
title: "Electronic USD (EUSD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/eusd-electronic-usd/"
description: "Build-time stablecoin profile for Electronic USD (EUSD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-06-03"
---



# Electronic USD (EUSD)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

eUSD is a Reserve Protocol RToken wrapping Compound and Aave USDC/USDT lending positions, with RSR stakers absorbing first-loss — a {{term:yield-bearing}}yield-bearing{{/term}} basket that's matured into a workhorse. Electronic USD takes three of the safest yield positions in DeFi — Compound V3 USDC, Aave V3 USDC, and Compound V3 USDT in roughly equal thirds — wraps them in Reserve Protocol's permissionless basket {{term:redemption}}redemption{{/term}} mechanism, and lets RSR stakers absorb the first-loss risk. The peg and resilience grades both sit at A+, and atomic permissionless redemption against the live basket is among the stronger exit routes in the crypto-backed category; eUSD rarely strays from the calm end of the stress scale. So why only a B- overall? The drag is structural: a D on decentralization and a C+ on dependency, because the whole thing is governed by per-RToken stakers and leans entirely on the health of Aave, Compound, and the USDC/USDT underneath — the wrapper inherits every upstream risk it's built on. The hundreds of historical depeg blips are real but largely ancient, the worst a roughly 13% gash in earlier days, while peg stability today and a three-chain deployment across Ethereum, Base, and Arbitrum suggest the mechanism has settled. Supply has been essentially flat near $23M for months, neither growing nor contracting, which is either stability or irrelevance depending on your perspective.

## Collateral

Diversified basket of yield-bearing stablecoin derivatives: Aave V3 USDC, Compound V3 USDC, and Compound V3 USDT; RSR stakers provide first-loss overcollateralization

## Peg Mechanism

Permissionless 1:1 mint and redemption against underlying collateral basket; RSR stakers absorb first losses in case of collateral default; basket rebalances via Dutch/batch auctions

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xa0d69e286b938e21cbf7e51d71f6a4c8918f482f` | 18 |
| base | `0xcfa3ef56d303ae4faaba0592388f19d7c3399fb4` | 18 |
| arbitrum | `0x12275dcb9048680c4be40942ea4d92c74c63b844` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/eusd-electronic-usd.