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Crypto

Cardano RealFi puts Phase 1 testnet into operation

RealFi has launched its Phase 1 testnet and begun its first public test ahead of a mainnet release. According to blockchain outlet The Crypto Basic, Cardano founder Charles Hoskinson called it one of the most important deployments in Cardano’s history. Users can swap supported test digital assets into test USDr, stake USDr to receive test sUSDr and unstake back to USDr. The project aims to link blockchain liquidity to real-world credit markets.

Crypto

StablR euro, dollar stablecoins depeg; key management failure, not smart contract bug

StablR-issued euro and dollar stablecoins lost their pegs after a hack, with private key theft cited as the likely cause. Blockchain security firm Blockaid said it detected an exploit targeting the issuer and that about $2.8 million has been drained so far. The attacker minted 8.35 million USDR and 4.5 million EURR after altering a weak 1-of-3 multisig setup. EURR and USDR later fell sharply, CoinGecko data showed.