Resolv’s USR stablecoin went down due to a smart contract on Sunday that allowed an attacker to create 80 million USR tokens and dump them on exchanges, as reported by onchain experts Ai Yi (@ai_9684xtpa) and PeckShield.
.@ResolvLabs It seems like a lot of money $USR it is written. Pay attention!
$50m: https://t.co/gDrTBJDkax
$30m: https://t.co/jLyvQkMMSV pic.twitter.com/0F7JZrKR4V– PeckShieldAlert (@PeckShieldAlert) March 22, 2026
USR quickly lost momentum, dropping to $0.2 before recovering to around $0.8, according to CoinGecko.
In a statement, Resolv Labs, the developer of the Resolv Protocol, said it has temporarily suspended operations following the incident. The team is investigating and taking action to resolve the issue.
Resolv encountered a bug that allowed the attackers to create 50mn of unmodified USR.
The team has currently suspended all protocol operations to prevent further incidents and is working to recover.
– Resolv Labs (@ResolvLabs) March 22, 2026
USR is a 1:1 dollar-pegged stablecoin built by Resolv to work on the entire chain. Instead of holding fiat reserves, it maintains its value using highly stable crypto assets such as ETH, the vulnerable Ethereum, and Bitcoin.
RESOLV, the social token of the protocol used for the control and capture of the value, has decreased by 6% to $ 0.054 per issue.
