According to TechFlow, Tangible released an announcement on the X platform regarding the USDR depegging incident. The follow-up action plan is as follows:
1. The collateral ratio of USDR is still 84% considering that $TNGBL and the insurance fund value are zero. The protocol has withdrawn the liquidity owned by the protocol (POL) and destroyed $USDR. The protocol currently still holds about $2.4 million in stablecoins (DAI, USDC, USDT).
2. Launch of Baskets: This token will be launched soon and will play an important role in the redemption process, providing real estate asset support. Users will have the option to hold the token, earn income, or sell it.
3. USDR exchange: Once the basket token is launched, users can exchange USDR and other assets.
