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 Jul 29, 2026, 12:00 AM UTC
Stablecoin type matters because different designs can fail in different ways.
Reviewed profiles require source-backed metadata and a recorded review date. Partial is the default when freshness, confidence, or sources are incomplete.
Latest signal is generated from rules-based score and market metric changes.
| Latest signal | View | ||||||
|---|---|---|---|---|---|---|---|
| #1 | USD Coin Circle Fiat-backedPartial profile | $72.3B | 0 events max 0.06% | Green | Info: USDC reached a new 30d peg stress high | ||
| #2 | PayPal USD PayPal Fiat-backedPartial profile | $2.7B | 0 events max 0.05% | Green | Watch: PYUSD supply contracted 7.4% in 7 days | ||
| #3 | Tether USDt Tether Reserve-backedPartial profile | $183.9B | 0 events max 0.15% | Green | No recent signal | ||
| #4 | TrueUSD TrueUSD Fiat-backedPartial profile | $492,381,529 | 0 events max 0.47% | Green | Info: TUSD reached a new 30d peg stress high | ||
| #5 | Sky Dollar Sky Mixed collateralPartial profile | $10B | 0 events max 0.03% | Green | Watch: USDS supply contracted 8.6% in 7 days | ||
| #6 | First Digital USD First Digital Fiat-backedPartial profile | $346,177,445 | 0 events max 0.36% | Green | Info: FDUSD reached a new 30d peg stress high | ||
| #7 | Dai Sky Mixed collateralPartial profile | $4.6B | 0 events max 0.04% | Green | Watch: DAI moved to #5 by market cap | ||
| #8 | Fei USD Fei Protocol Crypto-backedPartial profile | $3,602,685 | 0 events max 0.11% | Green | Info: FEI health score rose 29.0 points | ||
| #9 | Ethena USDe Ethena Synthetic / delta-neutralPartial profile | $3.9B | 0 events max 0.18% | Yellow | Watch: USDE supply contracted 5.3% in 7 days | ||
| #10 | Agora Dollar Agora Fiat-backedPartial profile | $238,678,349 | 0 events max 0.09% | Yellow | Info: AUSD supply expanded 19.4% in 7 days | ||
| #11 | Euro Coin Circle Fiat-backedPartial profile | $449,697,593 | 31 events max 14.59% | Yellow | Info: EURC supply expanded 5.1% in 7 days | ||
| #12 | crvUSD Curve Crypto-backedPartial profile | $212,103,758 | 0 events max 0.44% | Yellow | Watch: CRVUSD health score fell 13.3 points | ||
| #13 | USDD TRON DAO Reserve Crypto-backedPartial profile | $1.6B | 0 events max 0.15% | Orange | Warning: USDD moved from Yellow to Orange | ||
| #14 | USDH Hyperliquid Crypto-backedPartial profile | $21,162,997 | 3 events max 1.13% | Orange | Warning: USDH reached a new 30d peg stress high | ||
| #15 | Mountain Protocol USDM Mountain Protocol Fiat-backedPartial profile | $1,397,518 | 8 events max 1.61% | Orange | Info: USDM supply expanded 45.5% in 7 days | ||
| #16 | Frax Frax Finance Mixed collateralPartial profile | $220,198,889 | 30 events max 1.81% | Orange | Watch: FRAX supply contracted 7.4% in 7 days | ||
| #17 | Liquity USD Liquity Crypto-backedPartial profile | $27,453,099 | 13 events max 0.96% | Red | Watch: LUSD health score fell 18.6 points | ||
| #18 | sUSDS Sky Crypto-backedPartial profile | $4.6B | 31 events max 10.84% | Red | Info: SUSDS health score rose 24.6 points | ||
| #19 | Alchemix USD Alchemix Crypto-backedPartial profile | $10,054,933 | 31 events max 7.12% | Red | Warning: ALUSD moved from Orange to Red | ||
| #20 | USDB Blast Fiat-backedPartial profile | $12,358,120 | 9 events max 1.37% | Red | Warning: USDB moved from Orange to Red | ||
| #21 | Savings Dai Sky Crypto-backedPartial profile | $171,832,068 | 31 events max 24.83% | Red | Warning: SDAI moved from Orange to Red | ||
| #22 | USDX USDX Unknown typePartial profile | $5,133,952 | 20 events max 99.27% | Red | Warning: USDX reached a new 30d peg stress high | ||
| #23 | Magic Internet Money Abracadabra Crypto-backedPartial profile | $3,805,892 | 31 events max 93.16% | Red | Warning: MIM 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.
Jul 29, 2026, 12:03 AM UTC
infoUnknown · Info · 24h · Medium confidence
Health score moved from 53.0 to 82.0 day over day.
Prev 53.0 Now 82.0
Jul 29, 2026, 12:03 AM UTC
warningUnknown · Warning · 24h · Medium confidence
Health score moved from 43.8 to 53.1, triggering a risk band transition.
Prev 43.8 Now 53.1
Jul 29, 2026, 12:03 AM UTC
watchUnknown · Watch · 24h · Medium confidence
Health score moved from 62.7 to 43.1 day over day.
Prev 62.7 Now 43.1
Jul 29, 2026, 12:03 AM UTC
warningPeg · Warning · 24h · High confidence
Maximum 30d peg deviation reached 10.84% from 10.76%.
Prev 10.76% Now 10.84%
Jul 29, 2026, 12:03 AM UTC
infoUnknown · Info · 7d · Medium confidence
7d circulating supply change registered +45.46%.
Prev 45.46% Now 45.46%
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