# \[REPORT\] eUSD Quarterly Report Q2 2025 **URL:** \ **Category:** eUSD Report\ **Created:** [July 14, 2025, 1:35am UTC](https://forum.reserve.org/t/report-eusd-quarterly-report-q2-2025/1213 "2025-07-14T01:35:01Z")\ **Posts on this page:** 1\ **Showing post:** 7
**Author:** ![Mallo](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.reserve.org/mallo/32/17_2.png) [@Mallo](https://forum.reserve.org/u/Mallo)\ **Post date:** [August 28, 2025, 3:14pm UTC](https://forum.reserve.org/t/report-eusd-quarterly-report-q2-2025/1213/7 "2025-08-28T15:14:12Z")
Hi there, Thanks for the in-depth review - certainly highlights some key metrics. TVL down and staking down - most notable TVL up from UglyCash. I think this probably forms what eUSD is going to be seen as - if it can’t break out into the mainstream as a very safe stablecoin, it’s going to end up Ugly Cash’s stable of choice. There’s nothing wrong with that, but the market is so much bigger and I don’t think it’s easy enough to use to become anything other than a safe treasury token for apps and institutions - that said - there must be other apps who would benefit as well as other institutions - but who are they and where are they? Without some form of business development plan I don’t think we’re going to find them by Twitter. I’m afraid I don’t have any time to put to this though - although some in the lodge might. I agree wit the optimistic voting angle - just pass the votes unless there are significant objectors - but don’t have 400M RSR lodged by the team so a realistic negative vote can pass. Sorry for the brief reply - just mega busy at the moment. --- _[View the full topic](https://forum.reserve.org/t/report-eusd-quarterly-report-q2-2025/1213)._