This is a stablecoin that is designed to keep its purchasing power not its peg, so in a sense, it is a better-dollar. Albeit, I am myself confused, because at the moment they are meant to be in a peg-maintaining phase, to distribute the coin more broadly. Perhaps, the excessive money printing during COVID-19 has caused it to appreciate, but I am not sure.
The backers on this project are the who's who of Crypto investors. But the rank is still lowish – maybe the market cap data isn't there yet.
My brain has been beaming with emotion since I found about you guys. Perhaps that's why I have this dumb question ...
Reserve aims to build a stable, decentralized, asset-backed cryptocurrency and a digital payment system that scales supply with demand and maintains 100% or more collateral backing. Ultimately, Reserve’s goal is to create a universal store of value – particularly in regions with unreliable banking infrastructure and regions where hyperinflation is an issue. The Reserve system will interact with three kinds of tokens: