Tangible Announces USDR De-pegging Resolution Plan

TechFlow News: In response to the USDR depegging incident, Tangible has announced the following action plan on the X platform:

1. The collateral ratio of USDR remains at 84%, even when considering $TNGBL and the insurance fund value as zero. The protocol has withdrawn its protocol-owned liquidity (POL) and burned $USDR. The protocol still holds approximately $2.4 million in stablecoins (DAI, USDC, USDT).

2. Launch of Baskets: These tokens are即将 launched and will play a key role in the redemption process, backed by real estate assets. Users will have the option to hold the tokens, earn yield, or sell them.

3. USDR Redemption: Once the Basket tokens are launched, users will be able to redeem USDR and other assets.