A Stablecoin Lost Its $1 Peg, and Its Price Dropped to Nearly Zero

Another stablecoin crisis has hit the cryptocurrency market. USR, a stablecoin issued by ResolvLabs, experienced a significant drop in value following a suspected security exploit. According to on-...

By · · 1 min read
A Stablecoin Lost Its $1 Peg, and Its Price Dropped to Nearly Zero

Source: cryptonews.net

Another stablecoin crisis has hit the cryptocurrency market. USR, a stablecoin issued by ResolvLabs, experienced a significant drop in value following a suspected security exploit. According to on-chain data, one address minted 50 million USR using only ...

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