The privacy payment project MobileCoin has launched a fully collateralized stablecoin eUSD

ChainCatcher news, privacy payment company MobileCoin has partnered with stablecoin platform Reserve to launch a new stablecoin, eUSD. eUSD is fully collateralized and specifically designed to protect users' privacy transaction data.

According to MobileCoin, eUSD is built on the MobileCoin blockchain and is backed by a basket of stablecoins, including USD Coin (USDC), Pax Dollar (USDP), and TrueUSD (TUSD). Each transaction is encrypted using end-to-end zero-knowledge encryption, ensuring that only the parties involved can see the transaction data. (CoinDesk)