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eUSD is the overcollateralized stablecoin built on the Reserve Protocol, currently used by FinTechs including Ugly Cash and Sentz.
The Electronic Dollar (eUSD) is entering a new era, with the appointment of a new eUSD Champion.
The stablecoin, which is governed by RSR stakers, now has a new Champion, after Tom Sawyer stepped down and Ham stepped up. The handover will happen in the next few weeks.
eUSD has overcollateralization protection provided by RSR stakers, and the eUSD Champion sits between FinTechs and community members, giving visibility to governance proposals, governance votes, and FinTech growth. RSR stakers in turn receive historically 5-10% APY of their staking positions.
The eUSD Champion receives about 3% of the yield generated by the stablecoin (at current levels, this writer estimates that as $30,000 a year).
Ham, who has steered Yield DTF ETH+ to a $60M+ marketcap, will take over duties. An expected first move will be switching the yield from the FinTech proportion of eUSD to a 90% / 10% divide, providing RSR stakers with some upside for their over-protection (analogous to insurance) of eUSD.
RSR holders who stake on eUSD provide over-protection for the stablecoin's peg and earn a share of the yield generated by its underlying collateral via governance-defined revenue sharing.
It is also likely the yield given to the eUSD Champion will be reduced to 0%, at least temporarily, although this author is of the opinion that the role should not be "free", and 1% would be a reasonable level of compensation.
Meanwhile Ugly Cash has produced their 2026 Q4 Report, which explores their global growth and $10M of eUSD under management.
Thank you Tom, welcome Ham.
Source: Reserve Telegram