Brix emUSD EMUSD

emUSD is a stablecoin which earns yield from regulated USD funds managed by the largest asset managers in the world. emUSD is the base asset that pegged to US Dollar. Yield distributed via wemUSD, which is staked version of emUSD. The assets backing emUSD are allocated on a pro-rata basis to regulated funds based on the amount of emUSD held in the staking contract. Thus, the backing equivalent to the amount of emUSD, the base asset, is always held in cash and cash equivalents.