Crypto and Payments Company MobileCoin Introduces Stablecoin Called ‘Electronic Dollars’ (eUSD)
Join Our Telegram channel to stay up to date on breaking news coverage MobileCoin, a cryptocurrency and payments firm focused on privacy, has launched a stablecoin called “Electronic Dollars” in collaboration with stablecoin platform Reserve (eUSD). According to the company, eUSD is fully collateralized and is specifically designed to protect users’ private transactional data. eUSD is backed by a basket of other stablecoins, including USD coin (USDC), Pax dollar (USDP), and trueUSD, according to MobileCoin (TUSD). End-to-end zero-knowledge encryption is used to encrypt each transaction. In other words, thanks to encryption that employs zero knowledge proofs, only the transacting parties can see their own transactional data (a way of proving something without revealing sensitive information). The stablecoin eUSD is built on the MobileCoin blockchain, which is optimized for mobile devices, according to MobileCoin. Apparently, MobileCoin was created with the inte...