Electronic Dollars introduces the ability to wrap assets on the MobileCoin blockchain, and introduces minting and burning to support an end-to-end encrypted stablecoin. MobileCoin is a distributed ledger technology and oblivious computing platform that enables payments on mobile devices.
eUSD leverages new developments in cryptography with the stability of Reserve’s RToken platform to provide a fully collateralized US-dollar backed stablecoin. eUSD will be available to all partners in the MobileCoin ecosystem, which now encompasses tens of millions of devices globally. eUSD is the result of the collaborative efforts from both MobileCoin and Reserve. Together our two organizations have built something entirely new: decentralized digital cash. Just like physical cash, eUSD is inexpensive, fast and self-custodied.
