web3 is going just great

USR stablecoin depegs in $24 million exploit

March 22, 2026
https://www.web3isgoinggreat.com/?id=usr-stablecoin-depeg

Mar 22 at 3:46pmWeb
Show threadstux⚡️Mar 22

@web3isgreat Good thing there is no oversight at all and everyone can write as much code based mistakes as they like! yay!

LLMs making the party even more fun

Exploits for everyone

Show threadMichael GemarMar 22

@web3isgreat “an asset-backed stablecoin that uses cryptoassets like bitcoin, ETH, and other stablecoins as collateral”.

Seriously?! That’s considered ASSET-backed?

Show threadF4GRX SébastienMar 22
@michaelgemar @web3isgreat cryptoasset.
Show threadMichael GemarMar 22
@f4grx @web3isgreat Yeah, the “assets” is essentially the same as what it is backing.
Show threadF4GRX SébastienMar 22
@michaelgemar @web3isgreat I should launch a token based on chocolate coins.
Show threadMichael GemarMar 22
@f4grx @web3isgreat At least one could eat the chocolate.
Show threadhnapelMar 22

@web3isgreat

A stablecoin depeg is the new reading a NOFORN tag on a leaked classified report.

Show threadDaniel AJ SokolovMar 24

@web3isgreat Are the newly minted USR distinguished in the market from the properly minted USR?

OItherwise the lack of assets would affect all USR holders, no?