eUSD by Softseco is the first product of the PAPER Protocol — a confidential US-dollar stablecoin to be issued on the Solana Token-2022 standard, engineered for native cryptographic privacy.
Each eUSD token will represent one United States dollar of reserve value held by Softseco sp. z o.o. (planned issuing entity), redeemable at par. The token will use the Solana Token-2022 Confidential Transfer extension to encrypt on-chain balances and transfer amounts via twisted ElGamal encryption and bulletproof range proofs.
| Name | eUSD by Softseco |
| Symbol | eUSD |
| Referenced asset | United States dollar (USD) |
| Peg | 1.0000 USD per eUSD |
| Blockchain | Solana |
| Token standard | SPL Token-2022 with Confidential Transfer extension |
| Reserve composition | 20% USDC · 40% Tokenized US Treasuries · 40% Delta-neutral DeFi |
| Backing ratio | ≥ 100% at all times |
| Redemption | At par, on demand, no fees |
| Holder yield | None (MiCA Article 22(4) compliant) |
| Protocol fees | 0% on mint and redeem |
| Issuing entity | Softseco sp. z o.o. (planned, Poland) |
| Regulatory category | MiCA E-Money Token (planned) |
| Authorization | KNF EMI (planned, 2028) |
| Proof-of-Reserves | Daily on-chain attestation |
| Governance | Squads v4 multisig 2-of-3 · 24-hour time-lock |