Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Validation Cloud implements AI -Engine on Hedera

2025-05-22

The price of Bitcoin affects ATH of $ 111,000 if open interest rises to $ 72 billion – details

2025-05-22

Bitcoin price rays to New All Time Bulls takes the lead

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Reserve extends the stablecoin protocol to Coinbase’s Base network
Blockchain

Reserve extends the stablecoin protocol to Coinbase’s Base network

2023-10-11No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Decentralized stablecoin protocol Reserve has launched on Coinbase’s incubated Layer 2 network Base, its first implementation outside the Ethereum mainnet, a statement said. The protocol has a total value of $24 million on Ethereum.

This move allows users to create their own “RTokens” – decentralized stablecoins, flatcoins (tied to the cost of living), or tokenized indices – using Reserve’s Asset Backed Currency Factory on the lower-cost Layer 2 network. These assets are backed by over-collateralized baskets of Ethereum-compatible ERC-20 tokens.

Reserve’s collateral options on Ethereum and Base include major stablecoins, ether and wrapped bitcoin, on their own or in yield-bearing form from protocols such as Compound, MakerDAO, Aave, Convex, Curve, Morpho and Flux Finance, the project said.

“DeFi should expand well beyond a few thousand power users,” Reserve told The Block via email. “Base’s lower fees will allow people interested in using stable coins that yield returns to actually use them without all the benefits being offset by gas costs.”

Reserve Expands RTokens to Basic

The first RToken on Ethereum, Electronic Dollar (eUSD), was introduced in February by global payment app Moby for private transactions.

During Silicon Valley Bank’s tumultuous 2023 run, eUSD was severely tested when Circle’s USDC stablecoin reserves, housed at the bank, plummeted from $1 to 88 cents. The decentralized “self-healing” mechanism of eUSD kicked in, recapitalized autonomously and returned to the $1 peg without relying on regulators or bank guarantees. This self-healing feature is inherent to all RTokens, Reserve said.

According to the team, the first RToken implementers on Base are expected to launch in the coming weeks.

See also  Forget Wall St, Bitcoin's Future Is L2 Powered, Says Trust Machines CEO

Reserve joins a series of protocols deployed on Base since its public launch in August, including Uniswap, SushiSwap, Compound and Chainlink.

Last week, real-world asset project Backed released a tokenized security product on Base that tracks a short-term iShares US Treasury Bond ETF.

Source link

base Coinbases Extends Network Protocol Reserve Stablecoin
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Validation Cloud implements AI -Engine on Hedera

2025-05-22

Sony announces the Mavet launch of Soneium Blockchain

2025-05-21

Nitro Labs launches data anchor to lower the storage costs of Solana

2025-05-21

Hong Kong promotes the Stablecoin legislation that introduces new rules for issuers

2025-05-21
Add A Comment

Comments are closed.

Top Posts

What Worldcoin’s latest launch means for WLD prices

2023-12-14

Ethereum’s Vitalik Buterin, Polygon’s Sandeep Nailwal Donate $100 Million to COVID-19 Research

2023-06-10

Bitcoin moving average crossover seems imminent

2023-07-06
Editors Picks

Bitcoin – Volatility Prevails as Election Uncertainty Drives $541 Million Outflows from BTC ETFs

2024-11-06

Tron Reaches ATH: Is $0.234 Just the Beginning for TRX?

2024-12-04

Cardano could fall to $ 0.54 if this support provides, says Analyst

2025-04-14

Coinbase proposes a new blockchain adoption metric to combat airdrop-related disruptions

2024-06-10
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Validation Cloud implements AI -Engine on Hedera

The price of Bitcoin affects ATH of $ 111,000 if open interest rises to $ 72 billion – details

Bitcoin price rays to New All Time Bulls takes the lead

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,949.633.33%
  • ethereumEthereum(ETH)$2,613.801.01%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.401.22%
  • binancecoinBNB(BNB)$681.173.14%
  • solanaSolana(SOL)$175.993.35%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2388533.38%
  • cardanoCardano(ADA)$0.793.58%
  • tronTRON(TRX)$0.2720320.53%
  • suiSui(SUI)$4.034.00%
  • chainlinkChainlink(LINK)$16.302.38%
  • hyperliquidHyperliquid(HYPE)$30.6715.75%
  • avalanche-2Avalanche(AVAX)$23.945.39%
  • stellarStellar(XLM)$0.2973452.44%
  • shiba-inuShiba Inu(SHIB)$0.0000151.50%
  • hedera-hashgraphHedera(HBAR)$0.2006712.03%
  • bitcoin-cashBitcoin Cash(BCH)$415.384.18%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.56%
  • the-open-networkToncoin(TON)$3.111.10%
  • polkadotPolkadot(DOT)$4.821.70%
  • litecoinLitecoin(LTC)$98.593.30%
  • moneroMonero(XMR)$400.1710.23%
  • bitget-tokenBitget Token(BGB)$5.281.45%
  • piPi(PI)$0.832.51%
  • pepePepe(PEPE)$0.000014-0.15%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • bittensorBittensor(TAO)$467.6710.98%
  • uniswapUniswap(UNI)$6.330.06%
  • aaveAave(AAVE)$251.89-3.26%
  • nearNEAR Protocol(NEAR)$2.933.25%
  • aptosAptos(APT)$5.362.67%
  • okbOKB(OKB)$53.311.65%
  • ondo-financeOndo(ONDO)$1.004.57%
  • kaspaKaspa(KAS)$0.1150443.46%
  • ethereum-classicEthereum Classic(ETC)$19.374.02%
  • internet-computerInternet Computer(ICP)$5.462.34%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.42-0.95%
  • gatechain-tokenGateToken(GT)$21.850.48%
  • crypto-com-chainCronos(CRO)$0.0987441.80%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2476996.24%
  • vechainVeChain(VET)$0.0298343.48%
  • render-tokenRender(RENDER)$4.924.63%
  • mantleMantle(MNT)$0.750.21%
  • ethenaEthena(ENA)$0.4058783.71%
  • usd1World Liberty Financial USD(USD1)$1.000.09%
  • arbitrumArbitrum(ARB)$0.4198194.25%
  • algorandAlgorand(ALGO)$0.2360563.89%
  • filecoinFilecoin(FIL)$3.014.10%
  • bitcoinBitcoin(BTC)$110,949.633.33%
  • ethereumEthereum(ETH)$2,613.801.01%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.401.22%
  • binancecoinBNB(BNB)$681.173.14%
  • solanaSolana(SOL)$175.993.35%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2388533.38%
  • cardanoCardano(ADA)$0.793.58%
  • tronTRON(TRX)$0.2720320.53%
  • suiSui(SUI)$4.034.00%
  • chainlinkChainlink(LINK)$16.302.38%
  • hyperliquidHyperliquid(HYPE)$30.6715.75%
  • avalanche-2Avalanche(AVAX)$23.945.39%
  • stellarStellar(XLM)$0.2973452.44%
  • shiba-inuShiba Inu(SHIB)$0.0000151.50%
  • hedera-hashgraphHedera(HBAR)$0.2006712.03%
  • bitcoin-cashBitcoin Cash(BCH)$415.384.18%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.56%
  • the-open-networkToncoin(TON)$3.111.10%
  • polkadotPolkadot(DOT)$4.821.70%
  • litecoinLitecoin(LTC)$98.593.30%
  • moneroMonero(XMR)$400.1710.23%
  • bitget-tokenBitget Token(BGB)$5.281.45%
  • piPi(PI)$0.832.51%
  • pepePepe(PEPE)$0.000014-0.15%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • bittensorBittensor(TAO)$467.6710.98%
  • uniswapUniswap(UNI)$6.330.06%
  • aaveAave(AAVE)$251.89-3.26%
  • nearNEAR Protocol(NEAR)$2.933.25%
  • aptosAptos(APT)$5.362.67%
  • okbOKB(OKB)$53.311.65%
  • ondo-financeOndo(ONDO)$1.004.57%
  • kaspaKaspa(KAS)$0.1150443.46%
  • ethereum-classicEthereum Classic(ETC)$19.374.02%
  • internet-computerInternet Computer(ICP)$5.462.34%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.42-0.95%
  • gatechain-tokenGateToken(GT)$21.850.48%
  • crypto-com-chainCronos(CRO)$0.0987441.80%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2476996.24%
  • vechainVeChain(VET)$0.0298343.48%
  • render-tokenRender(RENDER)$4.924.63%
  • mantleMantle(MNT)$0.750.21%
  • ethenaEthena(ENA)$0.4058783.71%
  • usd1World Liberty Financial USD(USD1)$1.000.09%
  • arbitrumArbitrum(ARB)$0.4198194.25%
  • algorandAlgorand(ALGO)$0.2360563.89%
  • filecoinFilecoin(FIL)$3.014.10%