The unsettling depreciation of USDR stablecoin: A deep dive into liquidity issues
In an unexpected turn of events, the real estate-backed stablecoin, USDR, witnessed a significant depeg from its standard value, plummeting to a mere $0.53 per coin on October 11. The Tangible protocol, a decentralized finance (DeFi) project that issues USDR and aims to tokenize tangible assets like housing, found itself amidst a storm as a…