Odaily News 21.co analyst Tom Wan published an article on the X platform analyzing the reasons for the USDR de-anchoring. The data shows that half of the USDR-anchored assets come from stable coins and half from real estate (assets). When a run occurs (massive redemptions of USDR), the stablecoin liquidity in the reserve will first be exhausted. For example, the DAI liquidity of USDR was exhausted on October 11, and the remaining tokenized real estate reserves were converted into ERC-721 Instead of being minted in the form of ERC-20 tokens, the USDR treasury cannot make redemptions due to the illiquidity of real estate and the inability of ERC-721 to be immediately divisible. Tom Wan said that there are two major lessons from the USDR deanchoring incident. One is that liquid assets cannot be used to support illiquid assets, and the other is that illiquid assets should be tokenized using ERC-20 to facilitate transactions. According to previous news, in response to the USDR de-anchoring incident, Tangible issued an announcement on the owns liquidity (POL) and destroys USDR. Currently, the protocol still holds approximately US$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 exchange process and provide real estate asset support. Users will be given the option to hold tokens, earn income, or sell them. 3. USDR exchange: Once the basket token is launched, users can exchange USDR and other assets.