eETB is a fiat-backed stablecoin pegged 1:1 to the Ethiopian Birr (ETB), designed to bring the Ethiopian currency on-chain for payments, remittances, and decentralized finance.
1 eETB = 1 ETB
eETB is a blockchain-based representation of the Ethiopian Birr that enables:
- Fast, low-cost digital payments
- On-chain ETB liquidity
- Cross-border remittances
- Web3 and DeFi integrations
- Transparent and auditable supply
eETB follows a mint-and-burn model, where tokens are issued only when equivalent ETB reserves are locked, and burned upon redemption.