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StablR loses $2.8M as private key breach causes USDR and EURR stablecoins to depeg.

Market News
24 May 2026
The Currency Analytics
View Source
Bearish
StablR loses $2.8M as private key breach causes USDR and EURR stablecoins to depeg.

An attacker exploited a compromised private key at StablR, minting unauthorized USDR and EURR tokens and exchanging them for 1,115 ETH (about $2.8 million). This caused both stablecoins to lose their pegs to the US dollar and euro, shaking investor confidence. StablR has not disclosed how the breach occurred or detailed plans for recovery, leaving the community uncertain about the future. The company's next steps and transparency will be crucial to restoring trust and stabilizing the tokens.

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