Real USD (USDR) is a first-of-its-kind natively rebasing, yield-bearing, overcollateralized stablecoin, pegged to the US dollar.
USDR is primarily collateralized by yield-generating, tokenized real estate.
Backing a stablecoin with Real Estate has 2 key competitive advantages that we believe add significant value to the stablecoin landscape:
1)Yield - The tokenized properties in the Real USD treasury are leased to tenants. This rental yield is paid out daily to holders in the form of a rebase.
In addition to this if Real USD ever falls beneath 100% collateralization ratio, 50% of the daily rebase is instead added to the treasury to recollateralize USDR.
2)Real Estate price appreciation - When priced in FIAT Real Estate has a long predictable history of appreciation. Over the last 50 years, the average sales price of a house in the United States grew from $27,000 in Q1 1970 to $383,000 in Q1 2020.
This appreciation in the backing of USDR allows for interesting design mechanisms that contribute to additional yield and lindyness of the system.
Real USD Is Better Money
Throughout history money has traditionally maintained 3 key attributes:
1) A store of value
2) A stable unit of account
3) A medium of exchange
While fiat currencies and fiat-pegged stablecoins backed by fiat provide a stable unit of account and an effective medium of exchange, they are a poor store of value. The United States Dollar, the reserve currency of the world, has decreased in value sixfold over the last 50 years. This has resulted in a huge loss of purchasing power. On the other hand, real estate has proven itself as a stable and appreciating store of value. During the same 50-year period, the average sales price of a house in the United States grew from $27,000 in Q1 1970 to $383,000 in Q1 2020.
Tangible’s goal with Real USD is to create a better money, satisfying all three conditions of an ideal currency. USDR will live within a growing cryptoeconomy where it will serve as an immediate medium of exchange. As a USD-pegged stable coin, Real USD is a stable unit of account. Yet, unlike US dollars or 1:1 backed stablecoins, USDR will be a true store of value, using real estate to overcollateralize the currency and distributing yield to holders as a means to counteract debasement of the currency it’s pegged to.
Real USD combines the operability of a stablecoin with the consistent value preservation and yield of real estate, creating an all-in-one solution for maintaining purchasing power during turbulent market conditions.
Real USD Real Money | Real Yield | Backed by Real Estate