Reserve Dollar

Halal Rating :
Comfortable
Last Price $1.0 Last updated:
Rank 721
1D Change 0.00 %
Market Cap $28.81m
Circulating supply 28,850,667
Maximum supply None

Crypto Overview

Categories
  • DeFi
  • Stablecoin
  • Asset-Backed Stablecoin
  • Ethereum Ecosystem
  • Coinbase Ventures Portfolio

Purpose and Utility

Reserve Dollar (RSV) is a stablecoin designed to maintain a 1:1 peg with the US Dollar. It serves as a stable medium of exchange and store of value within the Reserve Protocol ecosystem. The token is fully collateralized by a basket of USD-denominated assets held in custody by trusted financial institutions.

Business Model

The Reserve Dollar operates through a transparent collateralization mechanism where each RSV token is backed by real assets. The protocol maintains stability through a system of collateral management and does not rely on interest-bearing mechanisms or lending protocols.

Real-World Adoption

RSV has seen adoption primarily as a stablecoin for trading and value transfer purposes. The token is particularly utilized in regions experiencing high inflation or currency instability, providing a stable alternative to local currencies.

Platform Development

The Reserve Protocol maintains active development, with regular updates to the platform's infrastructure. The team consistently works on improving the stability mechanisms and expanding the token's utility within their ecosystem.

Token Distribution

RSV tokens are minted when users deposit collateral and burned when redeemed, creating a transparent and straightforward token supply mechanism. The project does not have a traditional token distribution model with founder allocations since it operates as a fully collateralized stablecoin.

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