Usdt is a good stablecoin why RSR is better ?

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Reserve Protocol

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Usdt is a good stablecoin why RSR is better ?

#cryptocurrency #english #reserve

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26.10.2021

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Alex-o López — won't DM you first

The principal argument is that RSV is more decentralized thanks to putting together 3 different stablecoins. In reality, RSV was designed to function in the app as it's main stablecoin. The second stablecoin Reserve will be releasing is going to be one that gives you yield while in your wallet without you having to do anything, similar to OUSD. The third stablecoin will be a stablecoin that is backed by a diverse basket of assets and will not be pegged to any currency while still having relatively low volatility, like a real currency would.

0

26.10.2021

Smeddy-o | Reserve | will never DM · Accepted Answer

Write this last week: RSR currently offers people in hyper-inflated nation the chance to use a stable coin rather than a deflating native currency. In Venezuela, for example, inflation runs at ~4,000% a year, meaning if you earned or saved $10,000 last year, it might be worth a couple of hundred bucks this year. Awful, right? Reserve's secret sauce is doing this easily for non-crypto people: an app designed that your mum can use happily, with easy "on and off fiat ramps" for getting your money (Bolivars, in this case) into Reserve. And having full compliance and customer services to make this easy. Over this year, their users have grown (through invite only) to 100,000 users using it weekly, and 5,000 merchants accepting it. Since September, invites are no longer needed to join. They are in a few other countries, and plan to open in Mexico soon. And (in brief) RSR holders capture a % of the ecosystem, by stabilising the stable currency via staking.

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Usdt is a good stablecoin why RSR is better ?

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