Recently an anonymous investor swapped approximately 131,350 USDR worth of coins to 0 USDC. This could be a consequence of #USDR losing its peg on Wednesday.

Token , a user Furthermore, this person also had to pay 0.0012 BNB (0.25 USD) in Gas Price.

USDR is a stablecoin backed by real estate (Real World Asset) and some cryptocurrencies, which are considered liquidation and volatile assets. The coin experienced serious devaluation from 1 USD to 0.5 USD on the evening of October 11, due to the impact of a sudden wave of withdrawals.

After USDR lost its fixed price of 1 USD on October 11, this person may have sold off and unfortunately encountered an error when processing the transaction.

“Due to the loss of the USDR stablecoin peg, this person accidentally swapped 131,350 USD USDR into 0 USD #USDC during the USDR sell-off,” Lookonchain wrote on X.

“And a MEV bot successfully made a transaction taking advantage of the difference in value of 107,000 USD,”

The exact cause of this incident is still unclear, however, the reason may be because of the balance in the number of Token in the trading pool.

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