# About the Eleos USD category

**URL:** <https://forum.reserve.org/t/about-the-eleos-usd-category/796>\
**Category:** Eleos USD\
**Created:** [June 21, 2024, 2:43pm UTC](https://forum.reserve.org/t/about-the-eleos-usd-category/796 "2024-06-21T14:43:20Z")\
**Posts on this page:** 1\
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**Author:** ![eleosfoundation](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.reserve.org/eleosfoundation/32/359_2.png) [@eleosfoundation](https://forum.reserve.org/u/eleosfoundation)\
**Post date:** [June 28, 2024, 1:25pm UTC](https://forum.reserve.org/t/about-the-eleos-usd-category/796/2 "2024-06-28T13:25:18Z")

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> [@\[RFC\] - Introducing eleosUSD](https://forum.reserve.org/t/rfc-introducing-eleosusd/724):
>
> Introduction Eleos USD (eleosUSD) is a decentralized yield-generating token initially pegged to the US Dollar. Eleos USD provides convenient access to a diversified range of DeFi protocols. EleosUSD is linked to the Eleos Foundation, a token designed for charitable giving. As with all asset-backed currencies issued on the Reserve protocol, eleosUSD’s design is to be overcollateralized with verifiable proof of reserves available on-chain. In this RFC, we will provide an overview of eleosUSD. We…

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