Venus Protocol has suspended trading of Resolve Labs' stablecoin USR on its Flux market following a depegging incident. The decision was announced on X, citing the stablecoin's drop to $0.257 before partially recovering to $0.8571. Despite the suspension, Venus Core operations remain unaffected, and user funds are reported to be secure.
The depegging event is linked to a potential vulnerability in USR, though Resolve Labs has yet to issue a response. Venus Protocol is actively monitoring the situation to ensure the stability and security of its platform.
Venus Protocol Suspends USR Trading on Flux Market Due to Depegging
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