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Reserve Launches Decentralized Stablecoin Protocol on Coinbase-Incubated Layer 2 Network Base Beyond Ethereum Mainnet

Reserve, a decentralized stablecoin protocol, has launched on the Layer 2 network Base, which is incubated by Coinbase. This marks Reserve's first deployment beyond the Ethereum mainnet and allows users to create their own decentralized stablecoins, flatcoins, or tokenized indices using Reserve's Asset Backed Currency Factory on the cheaper Layer 2 network. The assets are backed by overcollateralized baskets of Ethereum-compatible ERC-20 tokens. Reserve's collateral options on Ethereum and Base include major stablecoins, ether, and wrapped bitcoin, and the first RToken deployers on Base are expected to launch in the next few weeks.

Reserve Reserve $1.00
-0.01%
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