Odaily Planet Daily reports, according to on-chain analyst Ai Yi, a potential vulnerability has been detected in ResolvLabs’ stablecoin, and the team has not yet responded. A certain address minted 50 million USR using 100,000 USDC, causing USR to briefly plummet to $0.257—a 74.2% drop—before recovering to $0.7847.
ResolvLabs Stablecoin USR Drops to $0.257 Amid Suspected Vulnerability
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Summary
ResolvLabs' stablecoin USR fell to $0.257 amid a suspected vulnerability, marking a 74.2% drop in price. A single address used 100,000 USDC to mint 50 million USR, triggering the crash. The token has since recovered to $0.7847. Traders are now monitoring altcoins for further volatility. The team has not yet commented.
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