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Case studies · Illustrative

The shape of confidential settlement, in three audiences.

These scenarios are illustrative of the post-mainnet experience. eUSD is not yet issued — but the architecture is designed against real, observed needs in EU finance.

For individuals

A freelance designer in Kraków, paid by a client in Lisbon.

Before eUSD, every invoice was a public record. Salary, savings, and one-off bonuses all settled to the same wallet address — observable to anyone with a block explorer and a willingness to scroll.

  • Receive privately. Confidential transfers from the client's eUSD account into hers — amounts encrypted, history opaque.
  • Hold privately. Her balance is visible only to her, accessible from her Phantom wallet.
  • Spend or off-ramp. Send eUSD directly for goods or convert to PLN through a licensed CASP partner.

"For the first time, the receiver of my work and the price of my work aren't both broadcast to the entire internet."

Wallet · eUSD Balance •••••• visible to you Invoice #482 paid Lisbon · 2026-05-24 + •••• Coffee Kraków · 2026-05-25 - ••
For companies

A mid-size manufacturer in Wrocław with 50 suppliers.

The CFO knows two things about public-ledger payments. One: every supplier relationship would be discoverable by competitors using basic on-chain analytics. Two: the procurement team's negotiating leverage depends on those relationships staying confidential.

  • Confidential payroll. Salaries settled in eUSD across 240 staff with no public exposure of compensation.
  • Confidential procurement. Supplier invoices paid with encrypted amounts; the counterparty graph stays inside the treasury.
  • Auditable internally. The CFO has full visibility into the company's eUSD accounts — auditors see what they need to.
  • Regulator-ready. KNF, in the event of a supervisory request, has Auditor Key access to specific transfers under defined process.
Treasury · Payroll Run 240 recipients · 2026-05-31 A9pq…hRtv · •••••• encrypted ✓ B3kr…M2x1 · •••••• encrypted ✓ D8nq…W5pa · •••••• encrypted ✓ … 237 more encrypted ✓ Settled · 240 of 240 · 387ms
For exchanges

A EU-licensed exchange listing a MiCA-aligned EMT.

After the MiCA implementation timeline cleared the EU stablecoin shelf, exchanges have a narrow set of EMT candidates. eUSD is engineered to slot into that shelf as a Solana-native option with a confidential surface.

  • Reference SDK integration. Drop the eUSD SDK into the existing wallet stack — no custom cryptography required.
  • Jupiter-routed liquidity. Use Solana's leading aggregator for swap routing at mainnet beta.
  • No surveillance liability. The exchange's role at the perimeter is KYC and IWR membership — circulation is the protocol's problem, not the exchange's.
  • Regulatory clarity. A Polish-issued, KNF-authorized EMT sits cleanly under the exchange's MiCA CASP framework.
Listings · MiCA EMTs $ USDCCircle · MiCA EMT € EURCCircle · MiCA EMT e eUSD by SoftsecoConfidential · MiCA EMT (planned) NEW

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