{"id":198056,"date":"2021-03-09T23:04:36","date_gmt":"2021-03-09T20:04:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/reserve-rights-rsr-gains-300-as-stablecoins-gain-regulatory-approval\/"},"modified":"2021-03-09T23:04:36","modified_gmt":"2021-03-09T20:04:36","slug":"reserve-rights-rsr-gains-300-as-stablecoins-gain-regulatory-approval","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/reserve-rights-rsr-gains-300-as-stablecoins-gain-regulatory-approval\/","title":{"rendered":"# Reserve Rights (RSR) gains 300% as stablecoins gain regulatory approval"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a407b14df181\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a407b14df181\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/reserve-rights-rsr-gains-300-as-stablecoins-gain-regulatory-approval\/#Stablecoins_get_the_stamp_of_approval\" >Stablecoins get the stamp of approval<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/reserve-rights-rsr-gains-300-as-stablecoins-gain-regulatory-approval\/#Hyperinflation_creates_a_real-world_use_case\" >Hyperinflation creates a real-world use case<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/reserve-rights-rsr-gains-300-as-stablecoins-gain-regulatory-approval\/#Rumors_of_enterprise-level_adoption_boost_RSR_price\" >Rumors of enterprise-level adoption boost RSR price<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Reserve Rights (RSR) gains 300% as stablecoins gain regulatory <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Non-fungible tokens and high-yielding decentralized finance platforms have been the focus of attention in the cryptocurrency sector for the past few months. This intense focus on NFTs, DeFi and Bitcoin&#8217;s price action means that some investors have glossed over the fact that it was a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of positive\u00a0developments in stablecoins that helped kick off the 2021 bull market.<\/p>\n<p>One project that has\u00a0 quietly amassed significant gains this year is Reserve Rights (RSR), a dual-token stablecoin platform where all the tokens are backed by a basket of smart contract-managed cryptocurrencies.<\/p>\n<p>Data from Cointelegraph Markets and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/RSRUSD\/\">TradingView<\/a> shows that RSR has increased by more than 320% since Jan. 1, going from $0.0196 to a new all-time high of $0.829 on March 8 as the project prepares to expand its services to new regions.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/19e7c4e8-d1a2-4e49-94ea-c1a060149132.png\"><figcaption style=\"text-align: center;\"><em>RSR\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/RSRUSD\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Three reasons for the strong growth RSR has seen in 2021 are the global adoption of stablecoins as a viable payment medium, worsening global financial conditions leading to hyperinflation in the countries where Reserve Rights focuses its operations and optimism surrounding RSR&#8217;s mainnet launch and several major upcoming developments. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stablecoins_get_the_stamp_of_approval\"><\/span>Stablecoins get the stamp of approval<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On January 4 the United States Treasury&#8217;s Office of the Comptroller of the Currency announced that banks would be allowed to run independent nodes for distributed ledger networks and transact in stablecoins. <\/p>\n<p>Since the approval, stablecoin projects like Reserve Rights, MakerDAO (MKR), Terra (Luna) and Curve DAO (CRV) have all experienced an influx of trading volume as regulatory concerns decreased. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hyperinflation_creates_a_real-world_use_case\"><\/span>Hyperinflation creates a real-world use case<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second major driver in the recent growth of RSR is the worsening financial conditions in countries that are dealing with hyperinflation. Typically, capital controls are instituted in places dealing with uncontrolled hyperinflation but this does not deter citizens from attempting to store their savings in more stable assets.<\/p>\n<p>One of the first countries where Reserve Rights focused their early growth is Venezuela, which has seen its local Bolivar currency rapidly lose its purchasing power in recent years.<\/p>\n<p>According to the team, users in Venezuela can now utilize the Reserve app as a way to maintain transfer their wealth to a more stable currency such as the U.S. dollar and transact with it as needed.\u00a0\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">With the Reserve app, you can deposit your Bolivars and in two minutes, they become US dollars.<\/p>\n<p>You can pay with them easily and freely.<\/p>\n<p>You can move them to a US bank account.<\/p>\n<p>You can save them, without devaluation. (Well in a relative sense. Brrrrr and so on, but still.)<\/p>\n<p>\u2014 Reserve (@reserveprotocol) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/reserveprotocol\/status\/1365506844291137537?ref_src=twsrc%5Etfw\">February 27, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since announcing that the Reserve app would open to every Venezuelan on the waitlist, RSR has steadily increased and its user base has grown.\u00a0<\/p>\n<p>Argentina, Colombia and Panama are also enduring economic toil and hyperinflation, meaning there is no shortage of users who would benefit from having access to the platform.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rumors_of_enterprise-level_adoption_boost_RSR_price\"><\/span>Rumors of enterprise-level adoption boost RSR price<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are several high-profile developments that have yet to materialize but they appear to have still had a positive impact on RSR price. <\/p>\n<p>Multiple connections between PayPal and members of the Reserve team have long been the source of rumors about a future integration with the payments giant. Plans for a PayPal integration were recently\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/reserveprotocol\/status\/1365506845125857283\">acknowledged<\/a>\u00a0by the RSR team but the exact details have yet to be made public.\u00a0<\/p>\n<p>Investors also appear to be excited about the upcoming\u00a0 Reserve protocol mainnet launch which co-founder Nevin Freeman said is planned for an unspecified date in 2021. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for RSR have been favorable for some time. <\/p>\n<p>The VORTECS\u2122 score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/8d91cbff-5da2-44a9-b636-1173b023f899.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. RSR price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 score for RSR originally began to pick up on March 2, when it registered a 65 prior to a brief spike in price on March 3. Following the price spike and subsequent retrace, the VORTECS\u2122 score turned green for RSR on March 4 before reaching a peak of 70 on March 6. This was roughly 7 hours before the price surged by 45% over the next two days. <\/p>\n<p>The global economic outlook has brightened since the development of multiple COVID-19 vaccines but there are still numerous challenges to overcome and hyperinflation and recessions are just a few. Analysts have predicted that stablecoins will continue to gain traction now that are being integrated to traditional finance and viewed a less of a threat by central banks.\u00a0<\/p>\n<p>This means that\u00a0Reserve Rights protocol is well-positioned for future growth as it offers its growing user base one of the main use-cases that Bitcoin was originally designed for, banking the unbanked.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/reserve-rights-rsr-gains-300-as-stablecoins-gain-regulatory-approval\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Reserve Rights (RSR) gains 300% as stablecoins gain regulatory approval &#8221; Non-fungible tokens and high-yielding decentralized finance platforms have been the focus of attention in the cryptocurrency sector for the past few months. This intense focus on NFTs, DeFi and Bitcoin&#8217;s price action means that some investors have glossed over the fact that it&#8230;<\/p>\n","protected":false},"author":1,"featured_media":198057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvZDU1ZGU5ZTgtODIzMi00NjcwLTkyNTgtZGRmYjViMTE3MDY5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74894,75022,74863,74860,87885,75493,73785,72916],"class_list":["post-198056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-blockchain","tag-central-bank","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-hyperinflation","tag-stablecoin","tag-markets","tag-venezuela"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/198056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=198056"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/198056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/198057"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=198056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=198056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=198056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}