⚡ USDR Loses Its Peg
posted 12 Oct 2023
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.
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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