STBLStablR Freezes USDR & EURR After $13.5M Unbacked Mint: Liquidation Risks and Stablecoin Contagion Analysis
StablR froze USDR and EURR after an attacker minted $13.5M in unbacked tokens — leveraged traders using these as collateral face forced liquidation risk independent of market direction, while USDC stands to benefit from capital rotation.