Reserve's "Trustless, Worldwide" Stable Coin [INTERVIEW]

For Reserve's Co-Founder Nevan Freeman, Bitcoin almost had it spot-on-a decentralized, censorship-resistant currency architecturally indifferent to governments-and yet one that was fundamentally cursed by its instability.

That team today is Reserve, who after "Thousands of hours" of research, boiled down current stable coin types into two categories-asset-backed and internal decentralized collateral-backed-both of which may be equally destined for rough waters.

As Freeman suggested, asset-backed stable coins run the all the textbook risks inherent in centralized operations-whether being "Shut down by governments", inflated, manipulated, or having regulatory entities "Freeze and burn coins at will".

The plight of fundamentally centralized stable coins surely spawned the search for more decentralized solutions to stability, which seem to devise ever more sophisticated methods of creating a price-constant token.

Engineered solutions such as Basecoin, Havven or Terra have reached out for the holy grail that is government-resistant stability, and yet to Freeman, these suffer a higher chance of default.

To Reserve, the answer to sustainable stability lies in the investor's age-old mantra of diversification.

By overcapitalizing their stablecoin backing with a combination of assets-such as Ether, gold-backed cryptocurrencies, and TUSD-Freeman insisted that Reserve will eliminate any one point of failure and eliminate the risk of default while providing all the bells and whistles expected of a decentralized cryptocurrency: transparency, immutability, and censorship-resistance.

Unlike the free-floating rogue that is Bitcoin each Reserve token will be initially pegged to one US dollar, but will eventually abolish any association with fiat entirely.

According to Freeman, such qualities fulfill Reserve's ideological mission to create a trustless, worldwide reserve currency independent of fiat-one as accessible as "Any other crypto-asset" that provides a freely tradable and stable store of value to all; from traders seeking a hedge, to citizens of embattled economies.

Timelines have not been set in stone for the launch of Reserve, yet the project's co-founder revealed the coin was currently in live beta on the Ropsten network and hinted at a full release in the coming months.