Tangible protocol's USDR stablecoin lost its peg to the United States dollar, caused by a draining of liquid DAI from its treasury.
Real-estate-backed stablecoin USDR fell to $0.53 per coin on Oct. 11, but the team said it was merely a liquidity issue and that real estate holdings and digital assets will be used to support redemptions.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 tokens, which are part of the coin’s native ecosystem. The team claims that the remaining 85.26% are collateralized by real-world housing and an “insurance fund.”on March 11 when several banks in the U.S. went bankrupt, but it regained its peg on March 14. Terra’s UST
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Real USD (USDR) stablecoin depegs and price crashes by 50%The Real USD stablecoin has lost its peg and the stablecoin is now undercollateralized if you exclude the project's own token.
Read more »
Real Estate-Backed Stablecoin USDR De-Pegs After Treasury Was Drained of Liquid AssetsNews about digital finance and crypto markets, with commentary and analysis from industry insiders.
Read more »
Find the Greatest Teriyaki in the United States in Seattle2023 F&W Best New Chef Aisha Ibrahim of Canlis recommends the best places to eat teriyaki, sushi, pasta, and dim sum in Seattle.
Read more »
Painful Dengue May ‘Take Off’ In United States—What To Know About The ‘Breakbone Fever’ VirusI am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health. I have master’s degrees in Biological Natural Sciences and the History and Philosophy of Science from Downing College, Cambridge University. Follow me on Twitter theroberthart or get in touch at rhartforbes.com
Read more »
Biden: 'The United States has Israel's back'Christian Datoc is a White House reporter for the Washington Examiner. He previously covered the White House, Congress, and campaigns for the Daily Caller. Datoc, who hails from Atlanta, Georgia, graduated from Furman University in Greenville, South Carolina, in 2013, where he majored in political science and played varsity baseball.
Read more »