Where IsMy Money?
We run on Proof of Reserves—so you don't have to take our word for it; you can verify it yourself. That is something your bank won't do.
For every eUSD you see in your account balance, there’s an actual eUSD sitting safely in a multisig contract, backed 100% by USDC and USDT deposited in decentralized lending platforms like Aave and Compound. We never lend out your eUSD. Your funds are always there, ready whenever you need them.
EUSD Price
Electronic USD
EUSD
Are liabilities ON-CHAIN?
We believe in transparency, so here’s the deal: while Proof of Reserves is live, we’re still working on developing Proof of Liabilities (aka, making it super easy for you to verify every single transaction against our books). We’re on it, but these things take time to get right.
TL;DR – Your Money's Safe (But Risks Exist)
We don't do fractional reserve, your eUSD is 100% backed, and we're building better tools so you can verify it all in real-time. No smoke, no mirrors—just transparency.
That said, no financial system is risk-free. While we do everything in our power to keep UGLYCASH rock solid, there are still potential risks you should be aware of. Check out the “Is UGLYCASH safe? Which are the risks?” section for a full breakdown. Stay informed, stay smart.
