Crypto Investors Trades 131,500 $USDR for Less Than 0.01 USDC as Real Estate Backed Crypto Depegs
A Polygon-based real estate-backed stablecoin called Real USD ($USDR) has lost over half of its value in a matter of hours after it was drained off of its liquid collateral, leaving only rental properties in the UK backing the cryptocurrency. According to on-chain data from the Tangible decentralized autonomous organization (DAO), the entity behind the…