Reserve aims to build a stable, distributed stablecoin and digital payment system whose stablecoin features self-regulating supply in conjunction with demand, and is backed by 100% or more on-chain collateral. The ultimate goal of Reserve is to create a universal store of value medium - especially in regions with unreliable financial infrastructure and/or high inflation. The Reserve project is backed by PayPal co-founder Peter Thiel, YCombinator president Sam Altman, and numerous influential investors in Silicon Valley and the digital asset space.
Reserve Rights Token (RSR) is mainly used to maintain the price stability of Reserve Token. Reserve Tokens, stablecoins issued for the Reserve system, can be held and used in the same way we use fiat currencies and other tokens.
