{"id":174807,"date":"2023-10-16T08:18:34","date_gmt":"2023-10-16T02:48:34","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=174807"},"modified":"2023-10-16T08:18:34","modified_gmt":"2023-10-16T02:48:34","slug":"tangibles-usdr-stablecoin-crashes-to-0-51-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/tangibles-usdr-stablecoin-crashes-to-0-51-crypto-news\/","title":{"rendered":"Tangible\u2019s USDR Stablecoin Crashes To $0.51 – Crypto News"},"content":{"rendered":"

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USDR, a dollar-pegged stablecoin issued by Tangible, a real-world assets protocol on the Polygon network, has lost over half its value in the past four hours amid a rush of redemptions.<\/p>\n

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USDR Price<\/figcaption><\/figure>\n

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USDR is an overcollateralized dollar-pegged stablecoin backed primarily by a portfolio of rental properties in the UK. It appears that the protocol\u2019s DAI reserves were exhausted due to the volume of redemptions.<\/p>\n

According to the project\u2019s website, USDR remains overcollateralized, but nearly 22% of the backing consists of the protocol\u2019s native TNGBL token<\/a>, which is also down over 50% today.<\/p>\n

\"leaderboard\"<\/a><\/p>\n

\"USDR
USDR Collateral<\/figcaption><\/figure>\n

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There is yet to be any official comment from the team or moderators in the project\u2019s Discord server, which is full of understandably concerned users.<\/p>\n

Tangible specializes in bringing real-world assets on-chain. Its marketplace offers goods like gold bullion, fine wines and luxury watches that can be purchased using USDR, the protocol\u2019s native stablecoin. Each item is represented by a tangible NFT (TFNT) that can be traded or redeemed for the physical asset.<\/p>\n

This is a developing story.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

USDR, a dollar-pegged stablecoin issued by Tangible, a real-world assets protocol on the Polygon network, has lost over half its value in the past four hours amid a rush of redemptions. USDR Price USDR is an overcollateralized dollar-pegged stablecoin backed primarily by a portfolio of rental properties in the UK. It appears that the protocol\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":174808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-174807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=174807"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174807\/revisions"}],"predecessor-version":[{"id":174810,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174807\/revisions\/174810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/174808"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=174807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=174807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=174807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}