MobileCoin: Crypto payment firm MobileCoin debuts 'Electronic Dollars' stablecoin

eUSD is backed by a basket of other stablecoins, namely, USD coin, Pax dollar, and trueUSD and it is fully collateralized and is uniquely designed to protect users' private transactional data. Each transaction is said to be encrypted using end-to-end zero-knowledge encryption. Consequently, eUSD will inherit the features of MobileCoin's native cryptocurrency, MOB.