Tag: Stablecoin

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Resolv Labs stablecoin plummets 80% as exploiter mints millions in unbacked USR tokens – DL News

Resolv Labs’ USR stablecoin plummeted after a private key exploit.The attacker minted 80 million USR tokens using less than $200,000 in collateral.Vault curators on...

Attacker exploits Resolv USR stablecoin to mint 80 million tokens, cashes out $25M: Resolv Labs

An attacker has successfully exploited the Resolv USR stablecoin protocol, minting 80 million tokens and withdrawing at least $25 million before the depeg.An attacker...

Resolv stablecoin drops 70% after $80 million exploit after attacker mints USR

A stablecoin is supposed to be worth a dollar. Resolv's USR is worth 27 cents and the math to fix it doesn't work.Resolv Labs...

Resolv Says No Assets Lost After USR Stablecoin Exploit

Resolv Labs moved Sunday to reassure users after an exploit hit the issuance mechanics of its USR stablecoin, knocking the token off its dollar...

Resolv Labs Pauses Protocol After $23M Exploit Triggers USR Stablecoin Depeg

Resolv Labs halted its decentralized finance ( DeFi) protocol early Sunday morning after an exploit allowed an attacker to mint tens of millions of...

Resolv Labs’ Stablecoin Depegs Amid Exploit

A stablecoin tied to the crypto project Resolv Labs has lost its peg to the US dollar after an attacker was able to exploit...

Ripple Redefines Enterprise Payments with Unified Stablecoin Platform and Global Adoption

Ripple, a provider of blockchain-based enterprise solutions, unveiled a major expansion of its Ripple Payments platform. Designed to move money seamlessly across both traditional...

Crypto Clarity Act may be cleared to move after senators agree on stablecoin yield

The two U.S. senators negotiating a controversial provision in the crypto industry's market structure bill — Republican Thom Tillis and Democrat Angela Alsobrooks —...

A loophole for rewards could protect Coinbase from a looming D.C. ban on stablecoin interest payments

If lawmakers ultimately ban stablecoin rewards under the proposed CLARITY Act, Coinbase (COIN) could lose one tool it uses to attract users to hold...

Innovate Finance Warns Bank of England Proposals Could Kill the GBP Stablecoin and Risk ‘Dollarisation’

Giving evidence to the House of Lords, Adam Jackson, chief strategy officer at Innovate Finance, outlined the critical growth opportunities and severe risks currently...

Banks Warned of Deposit Flight. OKX Survey Shows Stablecoin Yield Is Already Here

OKX surveyed 1,000 active U.S. crypto traders and found over 65% have used onchain tools to earn yield on stablecoins.Over 25% of respondents said...