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 7, 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 | $75.4B | 0 events max 0.04% | Green | Info: USDC reached a new 30d peg stress high | ||
| #2 | Tether USDt Tether Reserve-backedReviewed profile | $186.9B | 0 events max 0.14% | Green | Watch: USDT health score fell 9.3 points | ||
| #3 | USDH Hyperliquid Crypto-backedReviewed profile | $21,357,378 | 0 events max 0.11% | Green | Info: USDH reached a new 30d peg stress high | ||
| #4 | TrueUSD TrueUSD Fiat-backedReviewed profile | $493,797,921 | 0 events max 0.19% | Green | No recent signal | ||
| #5 | First Digital USD First Digital Fiat-backedReviewed profile | $338,806,866 | 0 events max 0.33% | Green | Info: FDUSD moved from Yellow to Green | ||
| #6 | Mountain Protocol USDM Mountain Protocol Fiat-backedReviewed profile | $964,936 | 0 events max 0.31% | Green | Info: USDM health score rose 33.7 points | ||
| #7 | Dai Sky Mixed collateralReviewed profile | $4.3B | 0 events max 0.06% | Green | Info: DAI health score rose 9.8 points | ||
| #8 | Agora Dollar Agora Fiat-backedReviewed profile | $140,666,946 | 0 events max 0.08% | Green | Info: AUSD supply expanded 6.8% in 7 days | ||
| #9 | Ethena USDe Ethena Synthetic / delta-neutralReviewed profile | $4.5B | 0 events max 0.15% | Yellow | Info: USDE moved from Green to Yellow | ||
| #10 | Sky Dollar Sky Mixed collateralReviewed profile | $10.5B | 0 events max 0.10% | Yellow | Watch: USDS supply contracted 5.0% in 7 days | ||
| #11 | Liquity USD Liquity Crypto-backedReviewed profile | $28,611,826 | 5 events max 0.59% | Yellow | Info: LUSD moved from Orange to Yellow | ||
| #12 | PayPal USD PayPal Fiat-backedReviewed profile | $2.9B | 0 events max 0.06% | Yellow | Watch: PYUSD supply contracted 6.9% in 7 days | ||
| #13 | USDD TRON DAO Reserve Crypto-backedReviewed profile | $1.4B | 0 events max 0.27% | Yellow | Watch: USDD health score fell 9.3 points | ||
| #14 | Fei USD Fei Protocol Crypto-backedReviewed profile | $3,537,021 | 5 events max 0.74% | Yellow | Info: FEI health score rose 18.4 points | ||
| #15 | crvUSD Curve Crypto-backedReviewed profile | $180,070,540 | 0 events max 0.17% | Yellow | Warning: CRVUSD supply contracted 22.0% in 7 days | ||
| #16 | Euro Coin Circle Fiat-backedReviewed profile | $441,537,887 | 31 events max 17.83% | Orange | Warning: EURC moved from Yellow to Orange | ||
| #17 | Magic Internet Money Abracadabra Crypto-backedReviewed profile | $55,136,532 | 14 events max 0.90% | Orange | Watch: MIM health score fell 14.1 points | ||
| #18 | sUSDS Sky Crypto-backedReviewed profile | $6B | 31 events max 9.87% | Red | Warning: SUSDS moved from Orange to Red | ||
| #19 | Alchemix USD Alchemix Crypto-backedReviewed profile | $12,168,066 | 31 events max 4.28% | Red | Warning: ALUSD reached a new 30d peg stress high | ||
| #20 | Frax Frax Finance Mixed collateralReviewed profile | $275,004,117 | 26 events max 1.13% | Red | Warning: FRAX moved from Orange to Red | ||
| #21 | Savings Dai Sky Crypto-backedReviewed profile | $177,122,124 | 31 events max 18.42% | Red | Watch: SDAI supply contracted 5.6% in 7 days | ||
| #22 | USDB Blast Fiat-backedReviewed profile | $14,457,944 | 20 events max 1.63% | Red | Watch: USDB supply contracted 7.0% in 7 days | ||
| #23 | nUSD Synthetix Crypto-backedReviewed profile | $17,624,364 | 31 events max 46.45% | Red | Warning: NUSD reached a new 30d peg stress high | ||
| #24 | USDX USDX Unknown typePartial profile | $5,480,700 | 26 events max 99.20% | 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 7, 2026, 12:02 AM UTC
infoUnknown · Info · 7d · Medium confidence
7d circulating supply change registered +6.84%.
Prev 6.90% Now 6.84%
Jun 7, 2026, 12:02 AM UTC
warningUnknown · Warning · 24h · Medium confidence
Health score moved from 53.0 to 47.5, triggering a risk band transition.
Prev 53.0 Now 47.5
Jun 7, 2026, 12:02 AM UTC
watchUnknown · Watch · 24h · Medium confidence
Health score moved from 78.4 to 69.1 day over day.
Prev 78.4 Now 69.1
Jun 7, 2026, 12:02 AM UTC
watchUnknown · Watch · 7d · Medium confidence
7d circulating supply change registered -7.05%.
Prev -4.82% Now -7.05%
Jun 7, 2026, 12:02 AM UTC
warningPeg · Warning · 24h · High confidence
Maximum 30d peg deviation reached 99.20% from 99.10%.
Prev 99.10% Now 99.20%