Euler plans to launch synthetic USD “within a few weeks,” a move the startup says will complete a trio of products including loans, exchanges and dollar-denominated assets, according to comments in a recent interview on the Bell Curve podcast.
Co-founder Michael Bentley described the new product as “synthetic USD,” adding that today Euler is “not just a lending protocol” but also a DEX. They argued that launching the synthetic within Euler’s stack would prevent “value leakage outside the system” and “bring more value to token holders,” indicating an intention to keep the core economics internal to the protocol.
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No ticker, collateral model, or peg mechanism was revealed in the call, and the team said the product is still “out for a few weeks,” suggesting there’s still work to be done before users can access it.
Bentley positioned the synthetic dollar as a strategic addition to credit markets and Euler protocol exchanges, focusing on tight integration rather than relying on external liquidity incentives.