Seriously, with multiple articles like these coming out each month
The article may as well say that people using the Ninky Nonk wallet software for the Igglepiggle cryptocoin have lost access to their wallets due to an arbitrage attack on the Pontypines exchange involving the stablecoin PeppaPig. Huh?
Also, while banging on about terminology, I think El Reg should stop using the word "stablecoin". Or at least, if you're going to, put it in the inverted commas - or just the table bit. Facebook's might actually have been a stablecoin, because they were claiming they were going to keep enough real assets to match the number of coins they were issuing, and they would have been regulated by outside authorities. All other "stablecoins" are just pretence and/or wishful thinking.
Unless they're crapto coins that can be used to pay for horses or caring for horses, in which case I'm fine with it.