StablR Stablecoins Depeg After Exploit

StablR's Euro and US Dollar stablecoins, EURR and USDR, experienced significant depegging events following a multisig exploit. An attacker successfully minted approximately $13.5 million in unbacked tokens, subsequently dumping around $10.4 million onto decentralized exchanges. This resulted in EURR plummeting to $0.85 and USDR reaching lows of $0.40, highlighting a critical security vulnerability within the protocol's token minting mechanism and causing substantial market disruption.