Blockaid Warns of StablR Exploit Impacting EURR and USDR

Blockaid Finds Potential StablR Stablecoin Exploit

Blockaid finds a potential onchain exploit occurring across StablR's Euro stablecoin addresses and issuance.

Published: May 24, 2026

1 Min Read

Disclosure: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers should conduct their own due diligence at all times.

Blockaid has issued a potential exploit warning against StablR.

The company responsible for early warning and risk management for onchain exploits has flagged a developing incident with StablR minting. Both EURR and USDR stablecoins have witnessed a depeg.

🚨Community Alert
Blockaid's exploit detection system has identified an ongoing exploit on @StablREuro.

~$2.8M extracted so far.

Both tokens are depegged: 0x50753cfaf86c094925bf976f218d043f8791e408 (StablR Euro)
and
0x7b43e3875440b44613dc3bc08e7763e6da63c8f8 (StablR USD) on…
— Blockaid (@blockaid_) May 24, 2026

Currently, the matter is being properly investigated by StablR, the stablecoin issuer for the EURR and USDR stablecoins.

Security update: We have identified an exploit affecting StablR and are actively working to contain it and minimize impact.

Protecting our users and your funds is our top priority.

We'll share verified details and next steps as soon as possible.
— StablR (@StablREuro) May 24, 2026

Blockaid suggests it could be related to a breach of multi-sig signatures being implemented for stablecoin addresses and issuance, and there appears to be an impact on the price.

At the time of writing, the EURR stablecoin has decreased from $1.16 to $0.85, while the USDR stablecoin also depegged from $1 – $0.63 as per the price shown on CoinGecko.

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