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.