Summary
TLDR: UK-based stablecoin project Tangible faced a liquidity crisis with USDR, now focusing on redeeming assets for holders and pivoting to become a platform for other assets to build on.
Key Points
1. The U.K.-based project experienced a liquidity crisis with its stablecoin, USDR, last year.
2. Tangible is planning to offer a literal redemption of assets for holders of the sub-dollar stablecoin.
3. The project is pivoting to become a platform for other RWAs to build on in order to redeem itself metaphorically.