Real Estate-Backed Stablecoin USDR De-Pegs After Treasury Was Drained of Liquid Assets
Polygon-based stablecoin Real USD (USDR) plummeted to $0.51 after its treasury, exclusively holding a $6.2 million insurance fund and backed by TNGBL token, was drained of DAI, indicating its inability to liquidate large amounts due to low trading volume.
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