A user lost what had been worth $131,350 while swapping USDR for USDC following the 50% crash of USDR's price on Oct. 11.
Someone appears to have swapped what had been worth around $131,350 in USDR earlier in the day for $0 in USDC, with the possible "fat finger" trade occurring as the stablecoin known as Real USD depegged on Wednesday.
After USDR depegged from $1 on Oct. 11, the user may have been panic selling when the possible mistake happened. Some $11.8 million of DAI that was collateral for the stablecoin as of Oct. 10 has been completely eroded during the redemptions, leaving largely illiquid assets in its wake, The Block reported on Wednesday.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USDR Issuer to Salvage Failed Property-Backed Stablecoin’s Assets, ‘Make Users Whole’Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.
Weiterlesen »
Real Estate-Backed Stablecoin USDR De-Pegs, Plunges to $0.53Crypto Blog
Weiterlesen »
Polygon's Stablecoin USDR Loses Its Peg to $1Real USD (USDR) by Tangible has lost its correlation with U.S. dollar, currently trading below $0.6
Weiterlesen »
Real USD (USDR) stablecoin depegs and price crashes by 50%The Real USD stablecoin has lost its peg and the stablecoin is now undercollateralized if you exclude the project's own token.
Weiterlesen »
Real Estate-Backed Stablecoin USDR De-Pegs After Treasury Was Drained of Liquid AssetsNews about digital finance and crypto markets, with commentary and analysis from industry insiders.
Weiterlesen »
USDR stablecoin depegs to $0.53, but team vows to provide solutionsTangible protocol's USDR stablecoin lost its peg to the United States dollar, caused by a draining of liquid DAI from its treasury.
Weiterlesen »