Depeg crisis of real estate-backed USDR stablecoin deemed terminal as protecting users ‘impossible’
TangibleDAO will discontinue its real estate-backed USDR stablecoin stablecoin project after it depegged on Oct. 11. In an Oct. 12 post on X (formerly Twitter), the project said the stablecoin has too many attack vectors in its design, and measures designed to protect its users were easily manipulated. “We can protect our users at the...