Binance to Add New RSR/USDC, RSR/FDUSD Trading Pairs on December 6th

Binance will open trading for the RSR/USDC, and RSR/FDUSD trading pairs on December 6th at 8:00 UTC.

RSR Info

Reserve Rights is a stablecoin platform consisting of two tokens, including the Reserve Stablecoin (RSV), which is a value-backed coin, and the Reserve Rights Token (RSR).

The Reserve Rights Token (RSR) is used to maintain the stability of the RSV token. When the price of RSV deviates from the $1 peg, the protocol’s algorithms automatically utilize RSR to buy or sell RSV on the open market until its price is restored to the $1 level.

Therefore, the RSR token plays a crucial role in maintaining the stability of RSV and ensuring its liquidity. RSR holders can also participate in protocol governance and vote on matters related to its development and improvement.