🔴Digital currency project #RSR 🚀🚀🚀

Unlike other stablecoins typically backed by US dollars (USD) held in reserve in a bank account controlled by the issuer of the stablecoin or a trusted custodian, reserve stablecoins are backed by a basket of cryptocurrencies managed by smart contracts.

This basket initially consists of Ethereum Stablecoin assets, including USD Coin (USDC), True USD (TUSD), and Paxos (PAX), but there are plans to later move to a more diversified basket, which may eventually include fiat currencies, securities, commodities, and asset types. Complex, such as synthetics and derivatives.

Arguably the main defining feature of the RSR cryptocurrency is that it is minted and sold when the RSV stablecoin loses its peg to the US dollar. The funds generated from the sale of the RSR token are used to replenish the RSV collateral pool, while when the RSV is valued at more than $1, the additional collateral will be used to buy and burn the RSR token from the secondary market, reducing the supply.

🚨 Like and follow to receive everything useful ❤