Reserve Rights (RSR) is a part of the Reserve Protocol's dual-token system, designed to maintain the price stability of the stablecoin Reserve (RSV). RSR supports RSV in maintaining its $1.00 target peg and also grants token holders voting rights in the protocol's governance processes. This system aims to help users safeguard their assets and achieve economic stability, particularly in countries with high inflation rates.
RSR has risen by 47.39% in the last 24 hours and ranks among the top gainers of the day. News suggesting that Donald Trump considers Paul Atkins as a strong candidate for SEC chairmanship has caused movement in the crypto market. Atkins, who has been critical of the current SEC administration and reportedly finds the role demanding, has been linked to the Reserve Rights (RSR) protocol in the past, which may have contributed to the token's price increase.
