eUSD, issued by ARYZE BVI Ltd, is a fiat-backed stablecoin that represents a full-reserve digital cash claim pegged one-to-one to the U.S. dollar (USD) and redeemable for equivalent fiat value [S1][S2][S3].

Each eUSD token tracks the U.S. dollar (USD) at a 1:1 peg and is backed by highly liquid, low-risk assets including cash, U.S. Treasury bills, and European government bonds, with ARYZE stating it overcollateralizes its Digital Cash [S1][S2][S4]. The sourced material describes eUSD as a price-stable, peg-tracking instrument rather than a yield-bearing one; price stability is maintained by market makers arbitraging on exchanges, and no holder-level yield or NAV accrual is disclosed [S2].

eUSD is minted and issued by ARYZE BVI Ltd, a British Virgin Islands company and wholly owned subsidiary of Danish parent ARYZE ApS, which acts as reserve and fund manager under a formal fund-management agreement [S5][S3]. ARYZE states its reserve activities operate under Danish Financial Supervisory Authority (Finanstilsynet) supervision, and cites a legal opinion that the tokens are digital currencies rather than securities under the BVI Securities and Investment Business Act (SIBA) [S3]. Tokens are issued only to regulated entities and market makers through authorized resellers on whitelisted platforms enforcing KYC and AML, and are redeemable at any time, with redeemed tokens removed from circulation [S2][S6].

eUSD is an ERC-20 stablecoin deployed across multiple EVM networks including Ethereum, Polygon, Linea, BNB Chain, Arbitrum, and Base [S4][S7]. Minting runs through the ARYZE Orders API specifying chainId, amount, and wallet, while cross-chain transfers use ARYZE's reForge burn-and-mint engine with Chainlink oracles; Grant Thornton conducts monthly proof-of-reserves audits [S2][S7][S8].

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://aryze.io" },
    { id: "S2", url: "https://docs.aryze.io/en/company/backing-and-solvency" },
    { id: "S3", url: "https://docs.aryze.io/en-us/company/entities" },
    { id: "S4", url: "https://docs.aryze.io/en/technical-overview/stablecoin-architecture" },
    { id: "S5", url: "https://docs.aryze.io/en/company/legal-framework" },
    { id: "S6", url: "https://docs.aryze.io/en/our-services/quick-start-guide" },
    { id: "S7", url: "https://docs.aryze.io/en/technical-overview/reforge-fx-engine" },
    { id: "S8", url: "https://docs.aryze.io/en/api/aryze-orders-api/get-started" },
  ]}
/>


Stablecoins

ARYZE operates as a licensed electronic money institution, issuing stablecoins backed 1:1 by fiat currency reserves. Revenue is generated through minting/redemption fees and treasury yield on reserves.

The project issues electronic money tokens including eEUR (EUR-pegged) and eGBP (GBP-pegged) deployed on Ethereum, Polygon, and BSC. ARYZE stablecoins are fully backed by fiat reserves held with regulated financial institutions.

ARYZE is a Danish fintech company that issues fiat-backed stablecoins for major currencies.

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Stablecoin issuers

ARYZE

ARYZE eUSD (eUSD) is a U.S. dollar stablecoin issued by ARYZE through ARYZE (BVI) Ltd.

Reserves are held in accounts segregated from the issuer's own funds, attested monthly by Grant Thornton.

eUSD has been issued on public blockchains since January 2023 and is native to BNB Chain, Ethereum, Polygon, and Linea.

ARYZE eUSDeUSD

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