RSV, the Reserve Dollar¶
RSV is currently limited to $10M in supply, which is why that's how many there are in circulation. This is for security purposes. Its supply limit will be raised in the near future.
There are not many listings for RSV on exchanges, nor are there many on-chain transactions. This is because most of its active users hold it and transfer it in the Reserve app, which is a custodial wallet that allows transacting off-chain. The app hosts about 15,000 off-chain RSV transactions, totaling about $1.5M USD in volume, per day. The intent is to eventually transition to a user-custody model where users hold their own keys and transact on a layer 2 network, since layer 1 gas fees on Ethereum are too inconvenient. For now, the app's centralized database is our stand-in for a "layer 2."
To learn more about how RSV works, see how RSV currently works.