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Resolv's USR Hack Shows Why 'Fully Backed' Stablecoins Still Break

ยท 8 min read
DeFi Educator and Strategist

Resolv's pitch was simple: USR was supposed to be a crypto-backed stablecoin with a delta-neutral design, a separate risk-absorbing layer, and a collateral pool meant to keep the dollar peg credible.

Then on March 22, 2026, an attacker showed the market something more important than the collateral story: if your issuance layer can be broken, your backing story stops mattering almost instantly.