Ethereum Ecosystem

ebUSD is a decentralized, over-collateralized stablecoin issued by Ebisu Money, a next-generation Stablecoin Credit Market (CDP protocol) optimized for yield-bearing assets. Users can mint ebUSD by depositing blue-chip collateral — including BTC, ETH, and especially yield-generating liquid restaking tokens (LRTs) — at competitive, user-set fixed interest rates. The protocol enables capital-efficient borrowing while allowing collateral to continue earning real yield from underlying restaking and staking rewards.ebUSD is backed by high-quality, over-collateralized positions with automated risk management, including smart collateral assessment and prompt liquidations to maintain system solvency. Holders of ebUSD can earn additional real yield by providing liquidity to Stability Pools (receiving a share of borrower interest payments and liquidation gains) or by trading/supplying on DEXs.Designed for the restaking and liquid staking ecosystems, ebUSD unlocks USD-denominated liquidity from staked assets without forcing users to sell or unstake them. It combines the stability of a pegged asset with the efficiency of DeFi-native credit markets, delivering both low-volatility holdings and attractive yield opportunities in a fully onchain, permissionless format.

ebUSD Stablecoin

ebUSD is a decentralized, over-collateralized stablecoin issued by lending Ebisu Money designed for the restaking and liquid staking ecosystems.

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Curve (Ethereum)

Exchange	Pair	Last Price	Change (24H)	High (24H)	Low (24H)	Spread	Volume (24H)

Curve (Ethereum)	ebUSD/USDC	USDC 0.9796 $ 0.9795	N/A	USDC 0.00	USDC 0.00	N/A	$ 1.46K ebUSD 1.49K

ebUSD StablecoinebUSD

ebUSD Stablecoin Markets

ebUSD Stablecoin Historical Markets