The real-estate-backed US dollar <button class="define-target" id="stablecoin">stablecoin</button> "Real USD" (aka USDR) lost its <button class="define-target" id="peg">peg</button>, dropping from $1 to around $0.53. The website for the stablecoin was — even after the depeg — promising customers 16.39% yields.<p>The de-peg occurred amid a "liquidity crunch" as holders rushed to redeem their USDR for the DAI stablecoin, draining the project of its DAI reserves. The team behind the project, TangibleDAO, issued a statement stating that "the real estate and digital assets backing USDR still exist and will be used to support redemptions." However, despite their insistence that the problem is just a liquidity issue rather than a solvency one, a dashboard on their own website showed that the stablecoin isn't fully backed and has a deficit of around $3.4&nbsp;million.</p><p>In a related incident, a trader trying to swap their $131,350 in USDR for the USDC stablecoin lost every penny of it when their transaction was arbitraged by a <button class="define-target" id="mev">MEV</button> bot.</p>

"USDR stablecoin depegs to $0.53, but team vows to provide solutions"

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