Real Estate-Backed US Dollar Stablecoin Built on Polygon Loses 47% of Its Value After Suffering Serious Depeg
A stablecoin built on layer-2 scaling solution Polygon (MATIC) and backed by real estate assets has lost nearly half of its value after depegging from the US dollar (USD). In a lengthy message on the social media platform X, Tangible, the decentralized autonomous organization (DAO) behind Real USD (USDR), says that the crypto asset has...