# evUSD

evUSD is the native stablecoin and collateral asset of Everstrike.

All positions on Everstrike are margined and priced in evUSD.

### Acquiring evUSD <a href="#h_d514d1a1d1" id="h_d514d1a1d1"></a>

evUSD can be acquired in one of the following ways:

* Minting (converting USDC to evUSD through Everstrike's built-in [mint](/account/minting.md) functionality)
* Trading (trading USDC for evUSD through Everstrike's [USDT/USD spot market](https://app.testnet.everstrike.io/app/trade?pair=USDT_USD)).
* Depositing in [CEX mode](/account/dex-mode-vs.-cex-mode.md) (stablecoin deposits in CEX mode are automatically converted to evUSD upon successful confirmation).

### Disposing of evUSD <a href="#h_e0fd7e6b8f" id="h_e0fd7e6b8f"></a>

evUSD can be converted to USDC in one of the following ways:

* Redemption (converting evUSD to USDC through Everstrike's built-in [redeem](/account/redeeming.md) functionality)
* Trading (trading evUSD for USDT through Everstrike's [USDT/USD spot market](https://app.testnet.everstrike.io/app/trade?pair=USDT_USD))
* Withdrawing in [CEX mode](/account/dex-mode-vs.-cex-mode.md) (evUSD withdrawals in CEX mode can be facilitated in USDT, USDC, BUSD or DAI).

### evUSD as a unit of account <a href="#h_1b0a959cd9" id="h_1b0a959cd9"></a>

All prices on Everstrike are quoted in evUSD.

Position values and account equity values are likewise quoted in evUSD.

Note that "evUSD" and "USD" are used interchangeably within the Everstrike Frontend UI (for simplicity of display). Any mention of "USD" will always refer to evUSD and not to US dollars.

### Perpetual Vault <a href="#h_1b0a959cd9" id="h_1b0a959cd9"></a>

evUSD powers the [Everstrike Perpetual Vault](/trading/perpetual-vault.md), and evUSD holders automatically receive monthly vault distributions. Read more [here](/trading/perpetual-vault.md).


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