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Was the #USDR collapse caused by #DAI 's retreat or was it a pre-planned rug-pull?

USDR, which was meant to be pegged to the dollar 1:1 and redeemed using a 1:1 DAI minting, had dropped to $0.53 as of the time of writing. The fall reflects a 44.43% decline over the previous 24 hours, according to CoinMarketCap.

But stablecoin owners might be shocked by the decline. That isn't merely a result of its ostensibly strong foundation. The creators of the yield-generating #stablecoin , TangibleDAO, published a post on X (formerly Twitter) on October 10 "bragging" about the addition of new assets to its treasury.

Statements like this typically give holders more confidence. Sometimes it even succeeds in luring in new participants, especially when it appears to be transparent. Unfortunately, few would have foreseen that the end was near for #usdr