Everything you need to know about our products
Eurodollar is a group of companies (Eurodollar Group) headquartered in Denmark. Eurodollar specialises in providing financial solutions built on-chain, which are characterized by a commitment to security, transparency, and reliability. The Eurodollar Group includes the following companies: Eurodollar ApS, an e-money institution and a virtual asset service provider (VASP) authorised and regulated by the Danish Financial Supervisory Authority (Finanstilsynet). EUI AG, a token issuer registered and approved by the Financial Market Authority Liechtenstein. Rhinefield Technologies Limited, a group company providing technology and IT services to the Eurodollar Group.
Currently, Eurodollar offers two core products. These are USDE and USDi. USDE is a stablecoin where 1 USDE is worth 1 USD. It can be redeemed at any time. USDi is a money market bond, it is also denominated in USD and pays returns. USDE and USDi are both backed by high quality liquid assets (HQLA). HQLA are assets that European laws consider to be very safe and that are easy to change for cash. HQLAs may include US treasury bills.
The Eurodollar app is a set of smart contracts which are deployed to mint, burn and swap USDE and USDi. The app means that the USDE and USDi tokens can function on a 24/7/365 basis. The Eurodollar app is supported by traditional infrastructure like compliance, governance, operations and banking. We do this to keep your money safe.
USDE is a stablecoin which tracks USD on a 1:1 basis, which means 1 USDE is worth 1 USD and provided our KYC requirements have been completed, you can redeem USDE from us at any time. USDE does not accrue or pay returns. Eurodollar maintains reserves greater than the number of USDE minted. The reserves are maintained in HQLA, such as US treasury bills. More information about our reserves can be found on our website.
Yes, USDE and USDi have been designed for everyone including individuals, businesses and institutions. USDE and USDi serve different purposes. For example, USDE can be used to make global payments, faster and cheaper than using fiat and it can be used to keep your money (in USDE tokens) safe when buying or selling other assets like cryptocurrencies. USDi, on the other hand, is an easy and safe way to make some money on your money, without locking it up. That means if you decide you no longer need USDi you can redeem it.
Yes, you will need a wallet. Eurodollar does not provide wallet services but you can connect your own wallet to the Eurodollar app and then mint and burn directly to your own wallet. Please make sure that your wallet is compatible with the Ethereum network as USDE and USDi are issued on the Ethereum network otherwise you could lose your tokens.