According to on-chain analyst Ai Yi (@ai_9684xtpa), a potential vulnerability has been detected in ResolvLabs' stablecoin, where an address minted 50,000,000 USR using 100,000 USDC, causing USR to briefly plummet to $0.257—a 74.2% drop—before recovering to $0.8606. The team has not yet responded.
Resolv Labs Stablecoin USR Drops 74.2% Amid Suspected Vulnerability
TechFlowShare
Summary
Resolv Labs' stablecoin USR dropped 74.2% after on-chain data revealed a potential exploit. A single address used 100,000 USDC to mint 50 million USR, driving the price down to $0.257. It has since rebounded to $0.8606. The incident has sparked interest in altcoins to watch, as the team remains silent. Analysts are closely monitoring on-chain data for further clues.
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