### Reserve Protocol key features part 2
3. **Permissionless Creation**:
- The Reserve Protocol allows anyone to create and configure their own asset-backed currency (RToken) without needing coding experience. This opens up opportunities for DeFi developers, entrepreneurs, and even traditional financial institutions to deploy their own stablecoins.
4. **Mitigating Depeg Risk**:
- The protocol employs a 1:1 minting and redemption mechanism, ensuring that RTokens are always pegged to the value of their collateral basket. This mechanism, along with on-chain proof of reserves, guards against depeg risks and ensures the stability of RTokens.