Tag: USDR
USDR Issuer Tangible Rebrands to re.al, Pivots To Layer-2 Network for Real-World Assets
The U.K.-based project saw its stablecoin, USDR, falter in a liquidity crisis last year. Tangible is now setting its sights on two forms of redemption [...]
Tangible’s USDR Stablecoin Charts Path to Recovery
The path from failure to redemption sheds a light on the wonky tokenomics that underpin mixed-asset stablecoins, which attempt to hold their dollar pe [...]
Trader swaps 131k stablecoins for $0 during USDR depeg
During yesterday's real-estate-backed U.S. dollar stablecoin Real USD (USDR) crisis, a trader appears to have swapped 131,350 USDR for 0 USD Coin (USD [...]
USDR Issuer to Salvage Failed Property-Backed Stablecoin’s Assets, ‘Make Users Whole’
A high-profile failure in crypto’s burgeoning “real-world assets” niche may take an upward turn.
www.coindesk.com [...]
USDR stablecoin depegs to $0.53, but team vows to provide solutions
Real estate-backed stablecoin USDR lost its peg to the U.S. dollar after a rush of redemptions caused a draining of liquid assets such as Dai (DAI) fr [...]
Real Estate-Backed Stablecoin USDR De-Pegs After Treasury Was Drained of Liquid Assets
On-chain data suggests that USDR's treasury was drained of liquid assets, leading to a run on the stablecoin.
www.coindesk.com [...]
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