Tangible’s real estate-backed USDR stablecoin has lost its peg to $1, but CEO Jag Singh says holders should be able to pay 90 cents in DAI, as well as 10 cents in Tangible’s governance token, CoinDesk reported. Last October, real estate-backed stablecoin USDR collapsed, threatening to cost holders millions of dollars. However, Tangible, the asset issuer, is not giving up on the stablecoin that lost its peg. Instead, Tangible is moving closer to fulfilling stablecoin redemptions that will give holders 90 cents in DAI, as well as the final 10 cents in Tangible’s own governance token. Last October, the promise of USDR was to provide holders with additional yield by providing value to it through its UK real estate. Holders who want to exit can also swap their USDR for the DAI stablecoin, another component of its backing. But the rush for DAI holdings of USDR has left the project short on swap liquidity.