/biz/ - Business & Finance

>>30318634
>>30318803
they said they plan to release them slowly over the course of months so as to not affect the price too much
months still seems short tho so Im also skeptical about that


>>30318310
>First of all, why does RSV need RSR? Why not just peg to the US dollar?
A true stable currency needs to be able to be independent of geopolitical risk
even though the USD is stable for the moment this may not always be true. Eventually RSR would like to be stable without a peg, and thus also be independent of the inflation that comes with fiat. The main function of RSR is part of an extra stabilisation mechanism where if the tokenised assets depreciate/default then reserve can sell off RSR to replenish their vault.

>Do you think Pedro in Venuzuela gives a fuck about a basket of assets. Fuck no. He just wants to buy a loaf of bread. US dollars are enough to do that, because relative to the bolivar, the USD is stable as fuck. So all Pedro needs is USDT.
I dont think you understand that the venezuelan govt tries their hardest to prevent venezuelans from acquiring dollars. They cant just pull up some CEX and buy usdt with their shitty fucking bolivars. Reserve is one of the few avenues that allows them to buy a usd pegged stablecoin directly