13h ago
USD-pegged stablecoin USR depegs to $0.40 after Resolv exploit mints 50M tokens
USR, a USD-pegged stablecoin tied to the Resolv platform, sharply depegged and fell to as low as $0.40 after an exploit. The attacker allegedly minted about 50 million unbacked USR using only around $100,000 in USDC, then sold into liquidity pools, worsening slippage and deepening the price drop. At the time of writing, USR remained well below $1, keeping recovery concerns in focus.