PANews, May 24: According to an alert issued by PeckShield Alert, the stablecoins USDR (USD-backed stablecoin) and EURR (EUR-backed stablecoin), issued by StablR, have depegged, with EURR dropping 20%. Previously, two contracts associated with the European stablecoin issuer StablR were suspected of being attacked, with potential losses exceeding $3 million (EURR and USDR); the attacker’s funds originated via the CCTP platform on Noble.
StablR's EURR stablecoin drops 20% after depegging
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Summary
StablR's EURR stablecoin dropped 20% following its depegging, according to PANews. PeckShield Alert reported that two contracts associated with the project may have been compromised, with potential losses exceeding $3 million in EURR and USDR. Attackers are believed to have used the CCTP platform on Noble to transfer funds. Amid pressure on altcoins, the Fear & Greed Index indicates rising market anxiety.
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