USDR stablecoin drops to $0.53, but team is committed to providing solutions

Backed by real estate stable coin USDR fell has $0.53 by piece of money on October. 11, but THE team said he was simply A liquidity issue And that real domain assets And digital assets will be used has support redemptions.

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Real backed by the estate stable coin USDR lost It is ankle has THE WE. dollar after A rushing of buyouts cause A evacuation of liquid assets such as Dai (DAI) Since It is Treasury, It is project team has revealed.

USDR — supported by A blend of cryptocurrencies And real estate assets — East issued by Tangible protocol, A decentralized finance project that look for has tokenize accommodation And other real world assets.

USDR East Above all negotiated on THE pearl decentralized exchange (DEX), which short on Polygon.

A update on $USDR

On A short period of time, all of THE liquid $DAI Since THE $USD Treasury was redeemed.

This lead has A accelerated withdrawal In THE walk cap.

Combined with THE lack of DAI For buyouts, panic sale followed, provoking A depeg.

Were functioning on…

— Tangible (@tangibleDAO) October 11, 2023

In A October. 11 Tweeter, Tangible explain that on A short period of time, all of THE liquid DAI Since THE USDR Treasury was redeemed, leading has A accelerated withdrawal In THE walk cap, added:

"Combined with THE lack of DAI For buyouts, panic sale followed, provoking A depeg."

USDR experimented A flood of sale has around 11:30 a.m. am UTC, conduct It is price as weak as $0.5040 by piece of money. He restored s...