Depeg event

Resolv signing-key exploit — 80M unbacked USR minted, ~70% crash

Detected under v4.7

Event summary

Direction: below peg
Peak deviation: 90.3%
Started: March 22, 2026
Ended: Ongoing
Duration: —
Peg reference: $0.9998
Start price: $0.9995
Peak price: $0.0975

Related incidents

Other recent peggedUSD depegs

2026-07-06USDApeak 5.03% below peg
2026-06-26RUSDpeak 90.0% below peg
2026-06-24REUSDpeak 44.5% below peg

Other synthetic-delta-neutral incidents

2026-06-21MSUSDpeak 82.0% below peg
2026-03-18YUSDpeak 16.3% above peg

Stablecoin

Resolv USD (USR) →

USR was Resolv Labs's delta-neutral synthetic dollar; it was frozen in 2026 after an EOA-minter exploit produced 80M unbacked tokens and depegged the asset.

Deep dive

Resolv USD: when one key minted eighty million — full case study →

Primary source

Resolv signing-key exploit — 80M unbacked USR minted, ~70% crash ↗

Methodology pin: v4.7 changelog