Reserve Rights is a dual-token stablecoin platform launched around mid-2019. Reserve Rights’ dual tokenization mechanism consists of two stablecoins:

• Reserve stablecoin (RSV) – an asset-backed by team assets managed by smart contracts
• Reserve Rights Token (RSR) is used to keep RSV stable at the target price of 1 USD.

Unlike other stablecoins, typically backed by US dollars (USD) held in a bank account controlled by the stablecoin issuer or a reputable custodian, the Reserve Rights stablecoin is backed by a group of cryptocurrencies that are managed by smart contracts. This group initially consisted of stablecoin assets running on the Ethereum network, such as USDC, TUSD, or PAX, with the intention of gradually converting to other diversified asset portfolios such as fiat currencies, securities, commodities, and complex assets, such as derivatives and derivatives.

RSR is a token that works in tandem with and aims to maintain price stability for RSV, the stablecoin that operates under the Reserve Rights platform. The RSR can also be used to vote on governance proposals, helping owners shape the future of the Reserve Rights ecosystem.