USDR stablecoin depegs to $0.53, however crew vows to offer options

Actual estate-backed stablecoin USDR misplaced its peg to the U.S. greenback after a rush of redemptions brought on a draining of liquid property resembling Dai (DAI) from its treasury, its mission crew has revealed.

USDR — backed by a combination of cryptocurrencies and real-estate holdings — is issued by Tangible protocol, a decentralized finance mission that seeks to tokenize housing and different real-world property.

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