{"id":85674,"date":"2023-10-13T10:17:40","date_gmt":"2023-10-13T07:17:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85674"},"modified":"2025-09-13T00:44:07","modified_gmt":"2025-09-12T21:44:07","slug":"unknown-trader-swaps-131350-in-usdr-for-0-in-usdc-as-usdr-depegs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/unknown-trader-swaps-131350-in-usdr-for-0-in-usdc-as-usdr-depegs\/","title":{"rendered":"Unknown trader swaps $131,350 in USDR for $0 in USDC as USDR depegs"},"content":{"rendered":"<p>On October 11, an unidentified trader, amid the depeg of the Real USD (USDR) stablecoin, swapped $131,350 of USDR for less than 0.0001 USDC.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Someone swapped 130,000 <a href=\"https:\/\/twitter.com\/search?q=%24USDR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDR<\/a> for 0.0001 <a href=\"https:\/\/twitter.com\/search?q=%24USDC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDC<\/a><\/p>\n<p>REKT <a href=\"https:\/\/t.co\/YPjcUC4vzS\">pic.twitter.com\/YPjcUC4vzS<\/a><\/p>\n<p>\u2014 Rekt Fencer (@rektfencer) <a href=\"https:\/\/twitter.com\/rektfencer\/status\/1712120778429194305?ref_src=twsrc%5Etfw\">October 11, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In addition, he paid a transaction fee of 0.0012 BNB ($0.25).<\/p>\n<p>On October 11, USDR unexpectedly fell by roughly half of its value. Presumably, this was driven by a wave of redemptions. At the time of writing, the price of the on-chain issued stablecoin on the BNB Chain trades at about $0.53.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/MXbkmTiRHMhvJDgXIl5Gg3rx6eRbfBTuRHSQh6D4dJJncNW3QQNZk3EIDwbbL32oDsv4rQ5DI2f96rmz_cjBWW4Wfsq-wuiFUrKrsjsRCimY_LfzONJ_cNV2V1qjaBhNkwikGu7IaGeZzmj3TMJGNms\" alt=\"Unknown trader swapped $131,350 in USDR for $0 in USDC\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/real-usd\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Analysts at Lookonchain suggested the trader made a mistake during a panic sale of USDR via the DeFi aggregator OceanSwap.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cHowever <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-mev-in-ethereum\">MEV<\/a>-bot successfully carried out arbitrage for $107,000,\u201d the experts added.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Due to the decoupling of the stablecoin USDR, this guy accidentally swapped 131,350 <a href=\"https:\/\/twitter.com\/search?q=%24USDR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDR<\/a> for 0 <a href=\"https:\/\/twitter.com\/search?q=%24USDC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDC<\/a> while panic selling <a href=\"https:\/\/twitter.com\/search?q=%24USDR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDR<\/a>.<\/p>\n<p>And a MEV bot successfully arbitraged $107K.<a href=\"https:\/\/t.co\/FHOJtaGcSD\">https:\/\/t.co\/FHOJtaGcSD<\/a><a href=\"https:\/\/t.co\/IYtoqar29N\">https:\/\/t.co\/IYtoqar29N<\/a> <a href=\"https:\/\/t.co\/USLF1qkVDK\">pic.twitter.com\/USLF1qkVDK<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1712446623362760763?ref_src=twsrc%5Etfw\">October 12, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier that day, another MEV bot on BNB Chain <a href=\"https:\/\/u1f987.com\/en\/news\/mev-bot-nets-1-575m-from-a-4-attack\">earned $1.575 million<\/a> thanks to an attack costing only $4.16.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 11, an unidentified trader, amid the depeg of Real USD (USDR) stablecoin, swapped $131,350 in the token for less than 0.0001 USDC.<\/p>\n","protected":false},"author":1,"featured_media":85675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,1227,807],"class_list":["post-85674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-cryptocurrency-transactions","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85674"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85674\/revisions"}],"predecessor-version":[{"id":85676,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85674\/revisions\/85676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85675"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}