Odaily Planet Daily reports: Venus Protocol announced on X that, due to the depegging of Resolve Labs’ stablecoin USR, trading of USR on the Venus Flux market has been suspended. However, Venus Core remains unaffected, and user funds are secure; the team is closely monitoring the situation. Previously, it was reported that a potential vulnerability may have affected Resolve Labs’ USR stablecoin, though the team has not yet responded. USR briefly plummeted to $0.257 and is currently trading at $0.8571, still not fully restored to its peg.
Venus Protocol Halts USR Trading on Flux Market Amid Depegging
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Summary
Venus Protocol paused USR trading on the Flux market after on-chain data showed the stablecoin had depegged. The Core platform remains operational, and user funds are secure. USR briefly dropped to $0.257 before recovering to $0.8571, though it has not yet re-pegged to $1. On-chain analysis suggests the depegging was triggered by broader issues at Resolve Labs.
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