Peg stress
Stablecoins can move away from $1 during market stress.
Stablecoin risk signals and wallet alerts.
Stablecoin risk signals and wallet alerts.
Blockbasis
Choose the stablecoins you care about. Blockbasis watches peg, liquidity, issuer, reserve, freeze, regulatory, and security signals — then emails you when something important changes.
Create a watchlist, or scan a public wallet to detect stablecoins.
Stablecoins can move away from $1 during market stress.
Backing, attestations, reserve quality, and issuer actions can change.
Some stablecoins can be frozen, and exchanges or DeFi protocols add separate risks.
Rules-based scoring across peg pressure, market resilience, and supply behavior, designed to stay legible and auditable.
The Index tracks public stablecoin risk signals. Blockbasis Watch applies those signals to the stablecoins in your watchlist.
Blockbasis WatchSelect USDC, USDT, USDe or other stablecoins. Blockbasis emails you when important risk signals change.
Public wallet scan is optional and read-only.
Last updated Jun 5, 2026, 12:00 AM UTC
Stablecoin type matters because different designs can fail in different ways.
Market data only means Blockbasis can calculate market signals, but issuer/type metadata has not been reviewed yet.
Latest signal is generated from rules-based score and market metric changes.
| Latest signal | View | ||||||
|---|---|---|---|---|---|---|---|
| #1 | USD Coin Circle Fiat-backedReviewed profile | $75.6B | 0 events max 0.04% | Green | Info: USDC reached a new 30d peg stress high | ||
| #2 | Dai Sky Mixed collateralReviewed profile | $4.3B | 0 events max 0.06% | Green | Info: DAI health score rose 9.8 points | ||
| #3 | Tether USDt Tether Reserve-backedReviewed profile | $187.3B | 0 events max 0.14% | Green | Watch: USDT health score fell 9.3 points | ||
| #4 | USDH Hyperliquid Crypto-backedReviewed profile | $21,358,582 | 0 events max 0.11% | Green | Info: USDH reached a new 30d peg stress high | ||
| #5 | TrueUSD TrueUSD Fiat-backedReviewed profile | $493,748,836 | 0 events max 0.23% | Green | No recent signal | ||
| #6 | Mountain Protocol USDM Mountain Protocol Fiat-backedReviewed profile | $960,655 | 0 events max 0.31% | Green | Info: USDM health score rose 33.7 points | ||
| #7 | PayPal USD PayPal Fiat-backedReviewed profile | $3B | 0 events max 0.06% | Green | Watch: PYUSD supply contracted 5.6% in 7 days | ||
| #8 | First Digital USD First Digital Fiat-backedReviewed profile | $338,776,189 | 0 events max 0.33% | Green | Info: FDUSD moved from Yellow to Green | ||
| #9 | Liquity USD Liquity Crypto-backedReviewed profile | $28,614,966 | 4 events max 0.59% | Yellow | Info: LUSD moved from Orange to Yellow | ||
| #10 | Ethena USDe Ethena Synthetic / delta-neutralReviewed profile | $4.5B | 0 events max 0.15% | Yellow | Info: USDE moved from Green to Yellow | ||
| #11 | USDD TRON DAO Reserve Crypto-backedReviewed profile | $1.4B | 0 events max 0.27% | Yellow | Info: USDD reached a new 30d peg stress high | ||
| #12 | Sky Dollar Sky Mixed collateralReviewed profile | $10.6B | 0 events max 0.10% | Yellow | Info: USDS moved from Green to Yellow | ||
| #13 | Euro Coin Circle Fiat-backedReviewed profile | $429,921,774 | 31 events max 17.83% | Yellow | Info: EURC moved from Orange to Yellow | ||
| #14 | Agora Dollar Agora Fiat-backedReviewed profile | $143,695,512 | 0 events max 0.08% | Yellow | Info: AUSD supply expanded 9.2% in 7 days | ||
| #15 | crvUSD Curve Crypto-backedReviewed profile | $185,548,213 | 0 events max 0.16% | Yellow | Warning: CRVUSD supply contracted 19.7% in 7 days | ||
| #16 | Fei USD Fei Protocol Crypto-backedReviewed profile | $3,523,580 | 5 events max 0.59% | Yellow | Info: FEI health score rose 18.4 points | ||
| #17 | Magic Internet Money Abracadabra Crypto-backedReviewed profile | $55,275,483 | 12 events max 0.81% | Orange | Watch: MIM health score fell 14.1 points | ||
| #18 | Frax Frax Finance Mixed collateralReviewed profile | $274,463,009 | 27 events max 0.91% | Orange | No recent signal | ||
| #19 | sUSDS Sky Crypto-backedReviewed profile | $6B | 31 events max 9.84% | Orange | Warning: SUSDS moved from Red to Orange | ||
| #20 | Savings Dai Sky Crypto-backedReviewed profile | $176,645,679 | 31 events max 18.42% | Red | Watch: SDAI supply contracted 5.6% in 7 days | ||
| #21 | Alchemix USD Alchemix Crypto-backedReviewed profile | $12,192,194 | 31 events max 4.03% | Red | Warning: ALUSD reached a new 30d peg stress high | ||
| #22 | nUSD Synthetix Crypto-backedReviewed profile | $19,929,315 | 31 events max 41.52% | Red | Watch: NUSD health score fell 12.9 points | ||
| #23 | USDB Blast Fiat-backedReviewed profile | $14,791,557 | 22 events max 1.63% | Red | Warning: USDB reached a new 30d peg stress high | ||
| #24 | USDX USDX Unknown typePartial profile | $6,741,202 | 26 events max 99.02% | Red | Warning: USDX reached a new 30d peg stress high |
The index tracks observed peg deviation behavior, market volatility, market cap stability, and volume trend context for major stablecoins.
Health Score v1 is a deterministic weighted score from five components: peg pressure, volatility, market cap stability, volume trend, and a disclosure subscore derived from profile transparency fields.
Rules-based risk events from day-over-day score and market metric changes.
Jun 5, 2026, 12:03 AM UTC
warningUnknown · Warning · 7d · Medium confidence
7d circulating supply change registered -19.75%.
Prev -15.09% Now -19.75%
Jun 5, 2026, 12:03 AM UTC
warningPeg · Warning · 24h · High confidence
Maximum 30d peg deviation reached 99.02% from 98.99%.
Prev 98.99% Now 99.02%
Jun 5, 2026, 12:03 AM UTC
infoUnknown · Info · 24h · Medium confidence
Health score moved from 76.9 to 80.2, triggering a risk band transition.
Prev 76.9 Now 80.2
Jun 5, 2026, 12:03 AM UTC
infoUnknown · Info · 7d · Medium confidence
7d circulating supply change registered +9.24%.
Prev 11.05% Now 9.24%
Jun 5, 2026, 12:03 AM UTC
warningPeg · Warning · 24h · High confidence
Maximum 30d peg deviation reached 4.03% from 3.94%.
Prev 3.94% Now 4.03%