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USDR Issuer Tangible Plans to Redeem Itself as a Layer-2 for Real-World Assets
4.3.2024
First came the literal redemption for failed stablecoin USDR. Now comes the metaphorical redemption as Tangible changes its name to re.al
Stablecoin Market Navigates Shifting Sands as Tether Announces New CEO and USDR Depegs
13.10.2023
The stablecoin landscape has been stagnant for the last two months, barely exceeding $123 billion as we approach the third week of October. Even though fiat-pegged token trading saw a spike this week, on October 13, stablecoin transactions made up 22.96% of the global crypto economy’s trade...
DeFi User Mistakenly Swaps $131,350 in USDR for $0 in USDC
12.10.2023
In an unexpected turn of events, a decentralized finance (DeFi) user accidentally lost a fortune after he swapped $131,350 in wrapped USDR (wUSDR) for $0 in USDC.
The transaction was initially captured on DeFi and DEX aggregator OpenOcean by X (formerly Twitter) user @rektfencer.
The DeFi user...
Trader swaps 131k stablecoins for $0 during USDR depeg
12.10.2023
An attempt to withdraw USDR stablecoins amid a liquidity crunch appears to have gone horribly wrong
USDR Issuer to Salvage Failed Property-Backed Stablecoin’s Assets, ‘Make Users Whole’
12.10.2023
A high-profile failure in crypto’s burgeoning “real-world assets” niche may take an upward turn
USDR stablecoin depegs to $0.53, but team vows to provide solutions
12.10.2023
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 De-Pegs After Treasury Was Drained of Liquid Assets
11.10.2023
On-chain data suggests that USDR's treasury was drained of liquid assets, leading to a run on the stablecoin