According to PeckShield, Resolv Labs stablecoin USR has seen suspected large minting totaling $80 million, prompting warnings about possible price volatility and liquidity risks.
PeckShield warned that Resolv Labs stablecoin USR has seen suspected large minting totaling $80 million. The alert, posted on X, urged market participants to watch for potential price volatility and liquidity risks. Earlier reporting from Onchain Lens said an attacker used 200,000 USDC to mint 80 million USR on March 22, swapped the USR into wstUSR, later converted assets back into USDC and USDT, and used $17.24 million to buy 9,111 ETH. The new alert adds a security-focused warning around the scale of the minting and its possible market impact.