peg-eUSD Price(PEUSD)

At its core, peg-eUSD is classified as a stablecoin, a variety of digital currency that aims to maintain price stability relative to a reserve asset— in this case, the US dollar. peg-eUSD distinguishes itself by requiring collateral for minting, typically in the form of Ethereum (ETH) or other supported Liquid Staking Tokens (LSTs). This collateralization mechanism allows users the flexibility to utilise their ETH holdings effectively while providing the means to borrow peg-eUSD without incurring additional costs.

The stability and robustness of peg-eUSD are secured through a combination of system innovations, including overcollateralization, liquidation protocols, arbitrage opportunities, and a premium suppression mechanism. These mechanisms work in concert to mitigate volatility, thereby enabling peg-eUSD to retain its value relative to the dollar, even amidst market fluctuations.