Stablecoin platform Reserve tweeted that RPay plans to start transitioning app users from RSV to 1:1 asset-backed decentralized stablecoin eUSD next week, an RToken built on Reserve Protocol. The Reserve Protocol is now battle-tested and available to anyone. Reserve expects that around $6 million in eUSD will be minted in the first round of RPay. Foresight News previously reported that on October 10, 2022, privacy-focused cryptocurrency and payments company MobileCoin partnered with stablecoin platform Reserve to launch a fully-collateralized U.S. dollar stablecoin eUSD, CoinDesk reported. MobileCoin said eUSD is backed by a basket of other stablecoins, including USDC, USDP, TUSD. eUSD will be issued on the MobileCoin blockchain, and transactions will be encrypted end-to-end using zero-knowledge proof technology.