Reserve Rights
RSR/VND
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Information about Reserve Rights (RSR)
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.
News
On April 21, 2025, Coinbase announced the listing of Reserve Rights (RSR), resulting in a significant 9% increase in its price. Binance traders show increasing bullish sentiment, taking long positions on RSR despite no direct ties to its former advisor, incoming SEC Chair Paul Atkins, who is associated with potential political benefits.
RSR aims to create a self-regulating ecosystem for stablecoins, using RSR and RSV tokens. Following Atkins’ confirmation hearing, RSR rallied by 22%, with traders expecting continued positive developments regarding regulations. Market narratives remain crucial as Atkins assumes his new role.
The price of Reserve Rights (RSR) has jumped by 22% due to Paul Atkins becoming the new SEC Chair. This follows positive sentiment in the market, partly influenced by Donald Trump’s decision to pause reciprocal tariffs.
Currently, 46.73 billion RSR tokens are close to entering profitable territory. However, with resistance at $0.008196, and ongoing cautious sentiment suggested by macro indicators like Chaikin Money Flow, investors are advised to remain vigilant.
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