eUSD by Softseco is a stablecoin engineered on Solana with native cryptographic privacy, full MiCA alignment, and 1:1 reserves you can verify on-chain.
The PAPER Protocol is designed to encrypt balances and amounts on-chain with twisted ElGamal and bulletproof range proofs — so the amounts behind salaries, savings, and supplier payments are never a public record, while every transaction stays fully verifiable.
Private peer transfers, confidential B2B payroll and treasury, and a MiCA-aligned token exchanges can list with zero protocol fees — all settling in roughly 400 milliseconds on Solana.
A full-reserve dollar stablecoin issued as a Solana Token-2022 and aligned with MiCA's e-money rules — redeemable one-to-one, engineered for privacy and built for compliance from day one.
Every eUSD will be backed by at least one dollar — 40% as cash at credit institutions and 60% in short-dated US government securities, the split MiCA Article 54 requires, with attestations published on-chain every 24 hours.
An Auditor Key, held off-chain by Softseco, allows lawful case-by-case disclosure, and every use is recorded in an on-chain register under 2-of-3 authorisation. The multisig governs that register and the key’s registration — it cannot hold a decryption key. No backdoors, no blanket monitoring, no standing access.
A five-phase plan. Whitepaper today. Mainnet beta in 2029.