StablR Exploited for ~$10M: EURR and USDR Depeg Over 20% as Attack Reportedly Continues!

On-chain investigator ZachXBT has flagged an active exploit targeting StablR-linked stablecoin contracts, with losses estimated at approximately $10 million. Both EURR and USDR — StablR's euro- and dollar-pegged tokens — have depegged by more than 20%, a severe dislocation for instruments designed to hold a fixed value.

The attack was reportedly still ongoing at the time of the alert, meaning total losses and the full scope of the damage remain unclear. A 20%-plus depeg in a stablecoin is a systemic-level event for any protocol or liquidity pool holding these assets — redemptions, collateral calls, and cascading liquidations become live risks the moment the peg breaks at that magnitude.

ZachXBT's involvement typically signals the exploit has left a traceable on-chain footprint.