You know how Reserve has RSV as the stablecoin, right?

Question

You know how Reserve has RSV as the stablecoin, right?

Right now that stablecoin is fully backed by USD. However, Reserve has found a way to create a superior stablecoin - one that also generates some yield for the holder just by holding it. The name for that new stablecoin hasn't been decided yet, but it will be released later this year and will be exposed to both Reserve app users as well as the general crypto world. So in short, there will be a secondary stablecoin that is also kind of pegged to USD.

But in the long term, the goal has always been to step off the USD peg and create a currency that could overcome a situation where even the USD starts inflating highly. Thus, Reserve has created a platform that allows the easy creation of stablecoins. Each stablecoin that gets created on the platform is called an "RToken".

There's multiple usecases for the platform, but the main one is that Reserve will start using it to create this ideal currency that we've been talking about since the original whitepaper. However, if someone doesn't agree with how we create that currency and thinks they can do better, they can just create their own "superior" RToken to compete with the one that Reserve creates. The platform basically allows for permissionless competition to ultimately get to that ideal currency.

The concept is built and introduced now, but will most probably only become really important in the longer term. My prediction is that the only popular stablecoins that get created are the ones that Reserve create.

#cryptocurrency #english #reserve

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02.10.2021

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Alex-o López — won't DM you first · Accepted Answer

Alex-o López — won't DM you first

@Owlomar

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02.10.2021

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You know how Reserve has RSV as the stablecoin, right?

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