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Polygon-based stablecoin Real USD , backed by real estate holdings, saw its value drop to nearly $0.51 within a few hours after its treasury was drained of DAI., the entity behind USDR, the treasury currently holds zero DAI, with the only liquid assets being a roughly $6.2 million insurance fund for a circulating supply of 45 million USDR — worth $45 million when pegged.
from CoinGecko shows that its total 24-hour trading volume is less than $300,000 with a bid depth of less than $5,000 on UniSwap, making it impossible to liquidate large amounts.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a.
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