Reserve: RPay will transition from RSV to the 1:1 asset-backed decentralized stablecoin eUSD next week

ChainCatcher news, the stablecoin platform Reserve tweeted that RPay plans to transition application users from RSV to the 1:1 asset-backed decentralized stablecoin eUSD starting next week, which is an RToken built on the Reserve Protocol. The Reserve Protocol has currently been tested in real-world scenarios and is available for anyone to use. Reserve expects that RPay will mint approximately $6 million worth of eUSD in the first round.

ChainCatcher previously reported that on October 10, 2022, according to CoinDesk, privacy-focused cryptocurrency and payment company MobileCoin partnered with the stablecoin platform Reserve to launch the fully collateralized dollar stablecoin eUSD. MobileCoin stated that eUSD is backed by a basket of other stablecoins, including USDC, USDP, and TUSD. eUSD will be issued on the MobileCoin blockchain, and transactions will be end-to-end encrypted using zero-knowledge proof technology. (source link)