Reserve announces the formation of two new companies and launches a $10 million grant program

Odaily News The decentralized stablecoin protocol Reserve announced the establishment of two new companies, ABC Labs and Confusion Capital, and will join MobileCoin and Best Friend Finance in the Reserve ecosystem. ABC Labs will focus on the development and promotion of the protocol and will be led by its CEO Thomas Mattimore. Confusion Capital will manage funds and special projects within the ecosystem and will be led by Nevin Freeman. Confusion Capital opens applications for the $10 million Grant program to individuals, unincorporated teams, DAOs, and companies to further build the decentralized Reserve ecosystem. The first round application deadline is February 9th.