StablR Euro Stablecoins EURR and USDR Lose Peg After $3-10 Million Exploit

European stablecoin issuer StablR suffered a contract exploit on May 24, 2026, draining between $3-10 million. On-chain investigator ZachXBT flagged the live hack affecting StablR-linked contracts. Both EURR and USDR stablecoins crashed more than 20% below their pegs following the exploit. The attacker wallet was initially funded through CCTP on Noble, and Blockaid also flagged the incident.

StablR exploit incident

• ▪The StablR exploit was flagged by on-chain sleuth ZachXBT.
• ▪The StablR attacker wallet was first funded through CCTP on Noble.
• ▪ZachXBT posted the StablR exploit alert on Telegram.
• ▪Blockaid flagged the StablR Euro exploit.
• ▪EURR fell more than 20% below peg following the StablR exploit.
• ▪Two contracts tied to European stablecoin issuer StablR may have been drained in a live exploit worth about $10 million.

StablR reserve structure

• ▪StablR's backing model is supported by independent reserve reviews.
• ▪StablR presents its tokens through regulated financial institutions.

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