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.