"Reserve is a stable global currency (a stablecoin) and a digital payment app for people and businesses in countries with high inflation. The Reserve stablecoin and application enables people and businesses to protect their money, send money across borders, and easily make payments. Unlike many stablecoins that are used primarily as arbitrage tools for crypto traders, Reserve is designed to solve critical, real-world problems faced by hundreds of millions of people in emerging economies around the world."
Investors include Sam Altman, Coinbase Ventures, and Peter Thiel.