StablR Stablecoins Lose Pegs After Multisig Takeover

Editorial newsroom dashboard showing EURR and USDR depeg indicators amid a 1-of-3 multisig breach

StablR’s EURR and USDR stablecoins lost their pegs on May 24, 2026, after an attacker exploited a 1-of-3 multisignature setup to seize administrative control of minting contracts. The breach allowed millions of unbacked tokens to be minted, triggering forced swaps into ETH and severe price dislocations across decentralized markets.