TechFlow reports that the stablecoin protocol Reserve will invest $20 million to purchase Curve (CRV), Convex (CVX), and Stake DAO (SDT). This investment aims to increase liquidity for Reserve's stablecoins, known as RTokens, and gain voting power within the governance systems of these platforms. The Reserve team stated that this investment could enable new features such as collateralized loans and wallet products.
Reserve is a stablecoin protocol that allows users to mint USD-pegged stablecoins backed by any supported asset, such as electronic dollars (eUSD) or high-yield USD (hyUSD).
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