FAQs

Everything you need to know about our products

Who is Eurodollar?

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.

What products does Eurodollar offer?

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.

What is the Eurodollar app?

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.

How can I contact Eurodollar?

You can reach us via email at info@eurodollar.fi.

Who is Eurodollar?

Eurodollar is a group of companies headquartered in Denmark. Eurodollar specialises in providing financial solutions built on-chain, which are characterized by security, transparency, and reliability.

What is USDE?

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.

Can anyone use USDE and/or USDi?

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.

Do I need a wallet to buy USDE or USDi?

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.

Can I buy USDi using USDE?

Yes, you can by USDi using USDE at any time. You can also redeem USDi, including your USDi returns, for USDE. Just create an account and get started.

How can I buy USDE or USDi?

You can buy USDE or USDi by signing up to the Eurodollar app or from an authorised seller. Open the Eurodollar app, complete the onboarding process, connect your wallet, and fund your account. Then you're ready to buy or sell USDE or USDi.

What is USDi?

USDi is a tokenized money bond. It is denominated in USD and backed by HQLAs. USDi is intended to perform better than a standard money market fund although high returns cannot be guaranteed. More information about USDi can be found in the USDi prospectus.