Resolv paused its protocol after an attacker minted 80 million unbacked USR tokens, sending the stablecoin to $0.24. The halt is intended to prevent further damage while investigations and remediation proceed.
The USD-pegged stablecoin USR sharply depegged following an exploit on the Resolv platform, plunging to roughly $0.40. The event throws fresh doubt on the coin's backing and market liquidity.
The USD1 token linked to the Trump ecosystem briefly fell to $0.994 on Feb. 23, about 0.6% below its $1 peg, according to CoinGecko. The issuer blamed an alleged “coordinated attack” for the short-lived depeg.
Saga paused its Chainlet protocol following a reported $7 million exploit that pushed the project's dollar-pegged stablecoin down to about $0.75 and cut TVL by roughly 55% in 24 hours.