Resolv Labs Says No Assets Lost After USR Stablecoin Exploit
Resolv Labs Says No Assets Lost After USR Stablecoin Exploit
Resolv Labs, the issuer of the USR stablecoin, has confirmed that its collateral pool remains intact despite an exploit on Sunday. The incident led to the minting of 80 million unbacked tokens and caused the US dollar stablecoin to drop to $0.14.
USR issuer Resolv Labs says its collateral pool remains intact after an exploit on Sunday that minted 80 million unbacked tokens and drove the US dollar stablecoin as low as $0.14.