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About USDR

USDR is the world’s first stablecoin collateralized by tokenized, yield-producing real estate. USDR has its own value accrual system built into its design, differentiating it from other currencies. Using a consistent stream of dependable yield derived from rental revenue, USDR will deliver a native real yield to stakers through a daily rebase, projected to range between 5 - 10% APY. As an asset class, real estate is inflation-proof and wealth generating, making it an ideal backing for a stablecoin. While the dollar has lost over 80% of its purchasing power over the past 50 years, the price of single-family home has gone up by 14x in countries like the United States. So a real estate backed stablecoin not only works as a hedge against the volatility of crypto markets, it also protects holders from the impacts of ongoing currency debasement. USDR is minted using DAI and can always be redeemed 1:1 for DAI. Treasury DAI is used to purchase and tokenize income-generating real estate, which is added to the treasury and serves as the primary source of protocol yield. As the value of the tokenized real estate appreciates over time, USDR becomes overcollateralized.Tokenized real world assets are the path to meaningfully grow the market cap of crypto and DeFi, reaching the next billion users in the process. Bringing RWAs on-chain allows for transparent, trust-minimized and efficient access to categories like the ~$330T global real estate market. Without the need for a mortgage or a downpayment, it’s now possible for anyone with a phone to access many of the benefits of real estate though USDR.

Real USD (USDR) is a cryptocurrency launched in 2022. USDR has a current supply of 45.67M with 0 in circulation. The last known price of USDR is 0.725474318965 USD and is -0.013272955334 over the last 24 hours. It is currently trading on active market(s) with $37,187.77 traded over the last 24 hours. More information can be found at https://www.tangible.store/usdr.

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Updated Feb 23, 2024 9:07 pm
Real USD
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Tangible's USDR Stablecoin Nears Redemption After Real Estate-Backed Collapse
Tangible's USDR Stablecoin Nears Redemption After Real Estate-Backed Collapse
According to CoinDesk, Tangible's USDR stablecoin, which is backed by real estate, lost its peg to $1, but CEO Jag Singh says holders should be able to get 90 cents on the dollar paid in DAI and 10 cents in Tangible's governance token. USDR's promise was to offer holders extra yield by generating revenue via its U.K. real estate – but a run on USDR's DAI holdings left the project short on liquidity. The collapse of the real estate-backed stablecoin USDR last October threatened to leave its holders short millions of dollars. However, Tangible is getting closer to honoring redemptions of the stablecoin that should give holders 90 cents on the dollar with DAI and the final 10 cents in Tangible's own governance token. The path from failure to redemption sheds light on the tokenomics that underpin mixed-asset stablecoins, which attempt to hold their dollar peg through collateral that isn't always a dollar. These constructions can have upside in good times but can go south in a hurry during a liquidity crunch. That's what happened last October when a run on USDR's DAI holdings left the project short on swap liquidity. With no easy way for Tangible to quickly unload its real estate holdings, its USDR token fell from $1.00 to nearly $0.50. Singh and his team learned that a stablecoin can't really be backed by something that's not very liquid. The irony of USDR's October collapse was that it came days after the project published 'proof of reserves' reports that definitively indicated Tangible had the real estate assets it claimed was backing the token. The market should have been assured by this information, but instead, 'a lot of strange on-chain activity' on Oct. 11 forced USDR into a precarious position as coordinated wallets sold USDR en-masse to quickly buy it back at a heavy discount. The redemption itself hinges on the rollouts of Tangible's 'basket' product, which for the first time will let investors access USDR's real estate backing on-chain. These baskets will contain NFTs that represent the legal right to the property. An investor who holds enough in baskets could burn their NFT and take legal ownership of the property itself, Singh said.
Feb 22, 2024 9:38 am

Frequently Asked Questions

  • What is the all-time high price of Real USD (USDR)?

    The all-time high of USDR was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Real USD (USDR) is 0. The current price of USDR is down 0% from its all-time high.

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  • How much Real USD (USDR) is there in circulation?

    As of , there is currently 0 USDR in circulation. USDR has a maximum supply of 45.67M.

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  • What is the market cap of Real USD (USDR)?

    The current market cap of USDR is 0. It is calculated by multiplying the current supply of USDR by its real-time market price of 0.725474318965.

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  • What is the all-time low price of Real USD (USDR)?

    The all-time low of USDR was 0 , from which the coin is now up 0%. The all-time low price of Real USD (USDR) is 0. The current price of USDR is up 0% from its all-time low.

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  • Is Real USD (USDR) a good investment?

    Real USD (USDR) has a market capitalization of $0 and is ranked #3562 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Real USD (USDR) price trends and patterns to find the best time to purchase USDR.

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