$RSR
{future}(RSRUSDT)
What is Reserve?
After their 2019 IEO (Initial Exchange Offering) on Huobi Prime, Reserve Rights (RSR) has channeled efforts toward developing an asset-backed stablecoin system. Asset-backed stablecoins maintain a stable value through support by assets of equivalent value locked in a contract and added to maintain value.
Reserve targets the problem of inflation. Their platform allows users to create asset-backed currencies (“RTokens”), which are fully-backed stablecoins that are always redeemable for those underlying assets. By allowing users to create their own RTokens, they’ll be able to tailor their own “perfect” basket to hedge against inflation. We’ll discuss RTokens in more depth below.
Reserve currently operates in Argentina, Peru, Venezuela, Columbia, and Panama, with plans to launch in Mexico before Christmas. Based on data shared by the team, they see $3.6bn per year in stablecoin transactions on their platform, with 650,000 everyday users, including companies using Reserve Rights for payroll, or carrying out remittance or international/institutional payments at zero cost.