Receives audits from Certik: https://www.certik.com/projects/reserve
Through the analysis of other stablecoins, a truly appropriate one has not yet been established. The closest to a working stablecoin may just be DAI, with its asset-backed nature and emergency protocols that ensure it stays afloat even in the most volatile market conditions. However, this still allocates power to a select few in the advent these emergency conditions need to come online.
Why another stablecoin? (Jun 19, 2018)
The team responsible for the Reserve Protocol critiques another protocol named Basis that tries to rely on no reserves and instead an algorithm. And as the summary has predicted, it crashed five months later.
Reserve’s Analysis of the Basis Protocol (May 14, 2018)
Has a transparent list of investors, however brings into concern the fact that Peter Thiel is one of them, and what they have written is a relatively flattering profile of him: https://reserve.org/about/investors/
Peter is a co-founder of PayPal, Palantir Technologies, and Founders Fund. He founded and funds the Thiel Foundation, which aims to further breakthrough technologies and improve humanity’s long-term future.
Even though it is part of the Ethereum blockchain, it has developed its own protocol to streamline the creation of stablecoins with an emphasis on expanding the surface area of its collateral baskets. However, its current stablecoins RSV and eUSD (the latter being managed by Mobilecoin) only have one token backing each: USDC, and USDT respectively.