StabIR, a European stablecoin issuer, faced a significant security breach as its EURR and USDR contracts were attacked, leading to losses exceeding $10 million. The attack caused both stablecoins to depeg by over 20%, raising concerns about their stability. In response to the breach, more than $100,000 of the stolen funds have been successfully frozen. The incident highlights ongoing vulnerabilities in the stablecoin sector, prompting calls for enhanced security measures to protect digital assets.