web3 is going just greatMar 22

USR stablecoin depegs in $24 million exploit

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

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 Sébastien
@michaelgemar @web3isgreat I should launch a token based on chocolate coins.
Mar 22 at 6:16pmWeb
Show threadMichael GemarMar 22
@f4grx @web3isgreat At least one could eat the chocolate.