How a Crypto 'REIT' Misled Investors With Family Deals and 'Unjustified' Real-Estate Markups
Many in the crypto community are familiar with the infamous 2023 crash of Tangible’s USDR stablecoin. The incident sent shockwaves through the market and left investors reeling. However, a recent investigation by CoinDesk has uncovered a deeper, more complex story behind the crash.
While the crash itself was indeed significant, there were a number of factors at play that have not been widely reported. From regulatory issues to internal company struggles, the events leading up to the crash paint a more nuanced picture of what really happened.
According to sources close to the company, Tangible had been facing mounting pressure from regulators in the months leading up to the crash. This, combined with internal disputes over the direction of the company, created a perfect storm that ultimately led to the collapse of the USDR stablecoin.
As the dust settles and the crypto community begins to process the aftermath of the crash, it’s clear that there is much more to this story than meets the eye. While the 2023 crash of Tangible’s USDR stablecoin will go down in history as a cautionary tale for investors, it also serves as a reminder of the complexities and challenges facing the crypto industry as a whole.
