StablR's euro stablecoin EURR slides 20% after losing its peg

May 24 — PeckShield Alert reported that StablR-issued stablecoins USDR (USD-backed) and EURR (EUR-backed) have depegged, with EURR down about 20%. Earlier, two contracts tied to the Europe-focused stablecoin issuer StablR were suspected of being exploited, with potential losses of more than $3 million across EURR and USDR. The attacker's funds were traced to the Noble chain via the CCTP platform.