USDR Loses Its Peg
The Real USD stablecoin (USDR), backed by crypto assets and real estate, has lost its peg to the dollar, resulting in nearly a 50% price drop.
The Real USD stablecoin (USDR), backed by crypto assets and real estate, has lost its peg to the dollar, resulting in nearly a 50% price drop.
The project team attributes this shift to the depletion of DAI liquidity in its treasury, causing a significant decrease in market capitalization.
However, they noted that the real estate and digital assets backing USDR remain intact and will be used to support redemptions.
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