Important Notice to StablR Token Holders: Recovery Plan Activation
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The following is a Company Announcement issued by StablR Ltd pursuant to its obligations as an e-money token issuer authorised and regulated by the Malta Financial Services Authority ("MFSA") under Regulation (EU) 2023/1114 on Markets in Crypto-Assets ("MiCAR").
Date: 29 May 2026
Further to the Company's announcement of 25 May 2026, the Board of Directors of StablR Ltd ("StablR" or "the Company") wishes to provide the following update to all holders of StablR Euro (EURR) and StablR USD (USDR) (together, "StablR Stablecoins").
Recovery Plan Activation
Following the cybersecurity incident identified on 24 May 2026, the Board of Directors has formally activated the Company's Recovery Plan. This decision has been notified to the MFSA and the Company is in active dialogue with its regulator. The measures set out below, including the temporary suspension of minting and redemption, form part of a range of recovery measures contemplated by the EBA Guidelines on recovery plans under MiCAR. These measures are aimed at safeguarding operational service continuity in the wake of the incident.
Current Status
• Minting and redemption activity is temporarily suspended as part of the recovery measures referred to above.
• All exchanges and trading venues have been requested to suspend trading, deposits and withdrawals in EURR and USDR until further notice.
• The forensic investigation by external cybersecurity specialists is under way to determine the full extent of the incident.
The Company remains in active dialogue with the relevant authorities to protect the interests of token holders and the integrity of the process.
These actions are being taken as part of StablR’s endeavours to act with full transparency and in the best interests at every step.
Your Protections as a Token Holder
StablR wishes to reassure all token holders of the following:
All safeguarded assets backing EURR and USDR are held in segregated accounts and money market funds, separate from the Company's own funds, in accordance with MiCAR. On the basis of the information available to date, the cybersecurity incident has not affected the safeguarded assets held by the Company prior to the cybersecurity incident, which remain intact.
What Happens Next
The Company will provide further updates as the situation develops and to the extent permitted by law, including the Company's ongoing engagement with the relevant authorities including the MFSA, and any steps that directly affect token holders, including the timing for the lifting of the temporary suspension of minting and redemption. Further communications will be issued in accordance with the Company's Recovery Plan and the Communications and Disclosure Plan thereunder.
For any queries, please contact us at info@stablr.com.
StablR is committed to acting with full transparency and in the best interests of all token holders at every step.
Board of Directors
StablR Ltd
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