Crypto and payments firm MobileCoin launches new stablecoin eUSD
10/10 11:40
According to Coindesk, privacy-focused cryptocurrency and payments firm MobileCoin, in collaboration with stablecoin platform Reserve, has launched a new stablecoin dubbed “Electronic Dollars” (eUSD). The company says eUSD is fully collateralized and is uniquely designed to protect users’ private transactional data. According to MobileCoin, eUSD is backed by a basket of other stablecoins, namely, USD Coin (USDC), Pax Dollar (USDP) and TrueUSD (TUSD). Each transaction is said to be encrypted using end-to-end zero-knowledge encryption. In other words, only the transacting parties can see their own transactional data.
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