Reserve Protocol
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RPay to Transition Users to eUSD, a Decentralized Stable Currency
On March 17th, the stable currency platform Reserve tweeted that RPay plans to start transitioning application users from RSV to a 1:1 asset supported decentralized stable currency eUSD next week, which is an RToken built on the Reserve Protocol. The Reserve Protocol has now passed practical testing and is available for anyone to use. Reserve expects that RPay will cast approximately $6 million in eUSD in the first round. Reserve: RPay will transition from RSV to 1:1 asset backed decentralized stable currency eUSD next week Analysis based on this information:The stable currency platform Reserve made an announcement through their Twitter account on March 17th stating that RPay would soon be transitioning their application users from the RSV token to a decentralized stable currency called eUSD. The eUSD token is built on the Reserve Protocol and is said to be 1:1 asset supported, meaning that it is backed by an equal amount of fiat currency reserves. The Reserve Protocol has undergone…
