The $USDR StablecoinDepegging EventUSDR, a real estate-backed stablecoin issued by the Tangible protocol, encountered a significant depegging event on October 11, 2023. During which, a sudden rush to redeem the liquid DAI from USDR’s treasury triggered a selling panic. The price of USDR plummeted to a low of $0.5040 per coin, down nearly 50% from the $1.00 peg it targets. Despite the team's commitment to resolving the situation, this incident highlighted a major vulnerability of their st...