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StablR Stablecoins Depeg After $2.8 Million Exploit

Longbridge • May 24, 2026

StablR's stablecoins, EURR and USDR, lost their pegs after a $2.8 million exploit on May 24, attributed to a private key compromise. An attacker gained control of the minting contract, minting $10.4 million worth of tokens. The attack highlighted governance failures, as a single compromised key allowed unauthorized minting. EURR fell 20% and USDR lost its dollar peg due to sell pressure. StablR, licensed in Malta, has ties to Tether, but recovery strategies remain unclear.

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This article is one source in a clustered incident — the cluster page carries the summary, timeline and every other outlet covering it.

StablR Stablecoins EURR and USDR Depeg After $10 Million Exploit On May 24, 2026, StablR's stablecoins, EURR and USDR, lost their pegs following an exploit that allowed an attacker to mint approximately $10.4 million in unbacked tokens. The breach was attributed to a compromised private key within a multisig wallet that required only one of three signatures to authorize minting. The attacker gained administrative control, minted 8.35 million USDR and 4.5 million EURR, and subsequently sold the tokens on decentralized exchanges, realizing around $2.8 million due to thin liquidity. The incident has raised concerns about governance and key management practices within the stablecoin ecosystem. StablR acknowledged the exploit and is working to contain the impact, but the extent of recovery remains uncertain. As a result, EURR and USDR experienced significant price drops of over 20%. 16 sources 66

StablR Stablecoins Depeg After $2.8 Million Exploit

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