What is a reserve currency?

A reserve currency is a foreign currency or precious metal held in large quantities by governments and institutions. These currencies are used as a means of international payment and investment; they also support the value of national currencies. During World War II, the U.S. dollar was set as the international reserve currency.

What is reserve?

Imagine a stable universal currency. A currency as reliable as the sunrise. That’s what we’re aiming for. Reserve is a cryptocurrency project. We want money that doesn’t inflate like USD, but isn’t volatile like Bitcoin. Our approach is to bundle stocks, bonds, gold, real estate and more into an index, and use that as money.

Is reserve a stablecoin?

Reserve, the company behind the token, is dedicated to building a genuinely decentralized fiat on/off-ramp and a stablecoin that is impervious to shut down a number of issues. The currency has become an issue of debate, with consumers and investors losing trust in currencies backed by banks and governments.

What is the reserve rights token (RSR)?

The Reserve Rights token (RSR) is the second set of dual-coin tokens the Reserve protocol offers. The utility token intends to be a facilitator of the stability of Reserve stablecoin (RSV) and allows users to vote on governance proposals on the Reserve platform.