The USR has decoupled further and fallen to the $0.05 range, with a 24-hour drop widening to 95%.

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PANews
03-22
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PANews reported on March 22 that OKX data shows the depegging of Resolv Labs' stablecoin USR has intensified, with the price currently falling to the $0.05 range, at $0.053782, representing a 95% drop in the last 24 hours.

Resolv Labs previously stated that it is currently investigating the incident, and that its collateral pool remains intact with no loss of underlying assets; the issue appears to be limited to the USR issuance mechanism.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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