Reserve Rights (RSR) powers stablecoin creation and ecosystem governance.
Reserve Rights (RSR) fuels the Reserve Protocol, enabling stablecoin creation and governance. It recapitalizes the system if collateral fails.
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What is Reserve Rights (RSR)?
The Reserve Rights Token (RSR) is a utility and governance token within the Reserve Protocol ecosystem, launched in 2019 to promote cryptocurrency adoption. The protocol facilitates the creation and use of stablecoins (RTokens) globally, aiming to address crypto market volatility. The ecosystem includes the Reserve Protocol, the Reserve app (RPay), and the RSV stablecoin. RSV is backed by a basket of USD fiat-backed stablecoins like USDC, TUSD, and USDP, managed by smart contracts within the Reserve Vault. RSR's primary function is to recapitalize the system if any RToken collateralization falls below acceptable levels, ensuring RSV stability. This creates an inverse relationship between RSV and RSR supply. The RPay app allows users to store, send, deposit, and withdraw both fiat and crypt...
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Reserve Rights price live information
As of now, Reserve Rights is trading at 0.00693 USD, with a 24-hour trading volume of approximately 1.20M USD. The RSR to USD price is updated in real time. Over the past 24 hours, Reserve Rights has decreased by 0.07%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 387.39M USD. Currently, there are 55 899 740 295 RSR in circulation out of a maximum supply of 100 000 000 000 RSR.
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