# \[IP\] eUSD FinTech Revenue Share Update 2025-12-10

**URL:** <https://forum.reserve.org/t/ip-eusd-fintech-revenue-share-update-2025-12-10/1367>\
**Category:** eUSD RFC\
**Created:** [December 11, 2025, 3:07am UTC](https://forum.reserve.org/t/ip-eusd-fintech-revenue-share-update-2025-12-10/1367 "2025-12-11T03:07:51Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Sawyer](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.reserve.org/sawyer/32/187_2.png) [@Sawyer](https://forum.reserve.org/u/Sawyer)\
**Post date:** [December 11, 2025, 3:07am UTC](https://forum.reserve.org/t/ip-eusd-fintech-revenue-share-update-2025-12-10/1367/1 "2025-12-11T03:07:51Z")

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### Summary

This is an update to the existing ongoing proposal of sharing some of the eUSD Revenue with FinTechs(Ugly Cash and Sentz). eUSD shares underlying revenue with distribution partners(i.e. fintech apps) who use and promote eUSD for their customers.

Original [Proposal](https://forum.reserve.org/t/rfc-eusd-rev-share-with-fintech-apps/801).

 ![image](https://europe1.discourse-cdn.com/flex005/uploads/reserve/original/1X/4c9be603930a0efd8f420e4039a6394e3343b5e0.png)

Current eUSD FinTech RevShare Split:  
Ugly Cash: 31.2%  
Sentz: 5.4%  
stRSR: 60.4%

Proposed eUSD FinTech RevShare Split:  
Ugly Cash: 30.3%  
Sentz: 4.7%  
stRSR: 62.0%

eUSD Market Cap(At Snapshot): $24,164,757  
Ugly Cash eUSD Holdings(At Snapshot): $7,322,126  
Sentz eUSD Holdings(At Snapshot): $1,125,754

Change Since Last Proposal:

| **FinTech** | **Previous Proposal** | **Current** | **Delta** |
| --- | --- | --- | --- |
| UglyCash | $6,445,359 | $7,322,126 | +12.7% |
| Sentz | $1,124,184 | $1,125,754 | +0.14% |

\*The percentages are calculated based on the amount of eUSD the Fintech Apps are holding relative to the eUSD Market Cap.

These update proposals happen bi-weekly. This will allow onchain percentages to more accurately reflect FinTech eUSD holdings.

### Abstract

The proposed proposal, if enacted, would update the Revenue Share in compliance with the rules set forward in the ongoing RevShare proposal.

### Problem Statement

See Original [Proposal](https://forum.reserve.org/t/rfc-eusd-rev-share-with-fintech-apps/801).

### Rationale

This update proposal aims to align with previous governance support of the ongoing FinTech RevShare proposal.

### Risks

The overcollateralization percentage is dictated by the following factors: Collateral basket APY, amount of RSR staked, the price of RSR and revenue percent directed towards stRSR. The current overcollateralization percentage is 34%. This level of protection provides a sufficient buffer so that, even in the event of a collateral default or during a governance led rebalance, eUSD holders are unlikely to be affected.

_Poll ([view on site](https://forum.reserve.org/t/ip-eusd-fintech-revenue-share-update-2025-12-10/1367/1))_

 ![Untitled (200 x 200 px) (1)](https://europe1.discourse-cdn.com/flex005/uploads/reserve/original/1X/32a7f1920da69be0277d552cc639a09ff06d00e3.png)

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**Author:** ![ham](https://avatars.discourse-cdn.com/v4/letter/h/ecb155/32.png) [@ham](https://forum.reserve.org/u/ham)\
**Post date:** [December 11, 2025, 11:15am UTC](https://forum.reserve.org/t/ip-eusd-fintech-revenue-share-update-2025-12-10/1367/2 "2025-12-11T11:15:36Z")

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Interesting, I had thought all eUSD growth this past fortnight was attributed to growth of UC balances ahead of them [returning to using eUSD as backing in El Salvador on 28th Dec](https://x.com/stablecoinapp/status/1995667406170308777) but looks like that only part of it with some growth occurring outside of fintech balances.

@Sawyer Do you have any insight into where this growth outside of fintechs is coming from?

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**Author:** ![Sawyer](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.reserve.org/sawyer/32/187_2.png) [@Sawyer](https://forum.reserve.org/u/Sawyer)\
**Post date:** [December 14, 2025, 3:46pm UTC](https://forum.reserve.org/t/ip-eusd-fintech-revenue-share-update-2025-12-10/1367/3 "2025-12-14T15:46:44Z")

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This proposal has been moved onchain. The Request for Comments period has ended and the poll is closed.

Link to onchain proposal: [Reserve app | DTFs](https://app.reserve.org/ethereum/token/0xa0d69e286b938e21cbf7e51d71f6a4c8918f482f/governance/proposal/88677961711592048854921414726817524455270897099760347385124009266987673155493)