About the Protocol - Reserve
Introduction to the Reserve protocol¶. We've deployed a basic stablecoin on Ethereum, RSV, which wraps existing fiat-backed USD tokens.Right now it's backed by 1/3 USDC, 1/3 TUSD, and 1/3 PAX. This simple stablecoin exists as a hedge in case any of its underlying collateral assets gets shut down or has troubles, as they can be swapped out for other stablecoins.
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