StablR's USDR Stablecoin Faces Major Attack, Depegs
- Stablecoin Collapse: StablR's USDR stablecoin lost over 70% of its dollar peg on May 24, 2026, due to an attacker compromising a minting wallet, with the price dropping to $0.282616, indicating a sharp decline in market confidence and raising serious concerns about its stability among users.
- Attack Details Revealed: The attacker exploited a key from a 1-of-3 multisig wallet to mint 8.35 million USDR and 4.5 million EURR, none of which were backed by reserves, leading to a market capitalization loss exceeding $10 million and exacerbating market unease.
- Liquidity Crisis: At the time of the incident, USDR's 24-hour trading volume plummeted to just $725, indicating that liquidity had effectively dried up, severely limiting holders' ability to exit positions at any price and reflecting a significant loss of confidence in the stablecoin.
- Regulatory and Transparency Challenges: Although StablR markets itself as a Malta Financial Services Authority-authorized electronic money institution, the incident raises questions about the effectiveness of its regulatory and transparency safeguards, especially given the attacker's ability to mint unbacked tokens at will, leading to a rapid decline in trust in its reserves.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0191 | 0.0248 | 0.0296 | 0.0354 | 0.0402 | 0.0459 | 0.0507 |
| Fibonacci | 0.0248 | 0.0289 | 0.0313 | 0.0354 | 0.0394 | 0.0419 | 0.0459 |
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