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