Reserve stablecoin is a decentralised stablecoin that is pegged 1-to-1 to the US dollars. It is deployed through Ethereum smart contracts and is backed by three stablecoins: USDC, TUSD and PAX. The Reserve protocol is a stablecoin protocol that allows anyone to create stablecoins backed by a collection ERC-20 tokens on Ethereum. The Reserve stablecoins are called RTokens. These RTokens will be valued at the market value of the collection of ERC-20 tokens that backs it. RTokens can be insured through Reserve Rights (RSR) token if the collateral token were default. This RSR tokens are obtained from the staked pool provided by RSR holders. RSR holders are incentivised to stake their tokens through transaction fees, revenue shares and yield from lending collateral tokens on-chain. Different RTokens are governed differently from each other, depending on the the token issuer. There is a maximum supply of 100 billion RSR token.