[Jommi]

USR is not unbacked. You have a severe misunderstanding of the whole situation if you say that.

[oersted]

To be fair, the article itself says "unbacked" right upfront:

> an attacker was able to mint tens of millions of Resolv’s unbacked stablecoins (USR) and extract roughly $23 million in value

[gwd]

If I understand the situation properly, the system is only supposed to mint backed stable-coins; the hack resulted in unbacked ones.