ResolvLabs stablecoin appears to have a vulnerability, with 100,000 USDC creating 50 million USR.

CoinFeed reported on March 22 that, according to on-chain analyst Ai Yi, the ResolvLabs stablecoin appears to have a vulnerability. The team has not yet responded. 100,000 USDC were used to create 50 million USR, causing USR to plummet to $0.257, a drop of 74.2%, before recovering to $0.7847.