---
title: "eUSD (eUSD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/eusd-telcoin/"
description: "Build-time stablecoin profile for eUSD (eUSD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# eUSD (eUSD)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

eUSD is Telcoin Digital Asset Bank's dollar stablecoin issued under a Nebraska depository charter, with KYC-gated 1:1 {{term:redemption}}redemption{{/term}} through banking rails. Telcoin eUSD is a bank-issued dollar token from Telcoin Digital Asset Bank. Its regulatory posture is stronger than most long-tail additions, but public reserve telemetry is still limited, so Pharos uses a conservative single reserve slice until more detailed reporting is available. The token has Ethereum, Base, Polygon, and Solana deployments, with Ethereum used for curated validation. The redemption model is issuer-gated through banking-rail {{term:custody}}custody{{/term}} rather than permissionless on-chain liquidity.

## Collateral

Cash and high-quality liquid dollar reserves managed by Telcoin Digital Asset Bank for the eUSD issued token

## Peg Mechanism

Bank-issued dollar token with KYC-gated mint and redemption through Telcoin banking rails

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| United States | Nebraska Department of Banking and Finance | Digital Asset Depository Institution |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x14913815bcfde78baead2111f463d038ac9c2949` | 6 |
| base | `0x14913815bcfde78baead2111f463d038ac9c2949` | 6 |
| polygon | `0x14913815bcfde78baead2111f463d038ac9c2949` | 6 |
| solana | `HQMYCZTDq9g3oZejDRUeQsFtLKgyfvBpD3yHaTnain3L` | 6 |

## Live Data

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