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 28, 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 | PayPal USD PayPal Fiat-backedPartial profile | $2.7B | 0 events max 0.06% | Green | Watch: PYUSD supply contracted 7.4% in 7 days | ||
| #2 | USD Coin Circle Fiat-backedPartial profile | $72.4B | 0 events max 0.08% | Green | Info: USDC reached a new 30d peg stress high | ||
| #3 | Tether USDt Tether Reserve-backedPartial profile | $184B | 0 events max 0.13% | Green | No recent signal | ||
| #4 | Sky Dollar Sky Mixed collateralPartial profile | $10B | 0 events max 0.03% | Green | Watch: USDS supply contracted 8.6% in 7 days | ||
| #5 | First Digital USD First Digital Fiat-backedPartial profile | $346,278,407 | 0 events max 0.36% | Green | Info: FDUSD reached a new 30d peg stress high | ||
| #6 | TrueUSD TrueUSD Fiat-backedPartial profile | $492,359,109 | 0 events max 0.44% | Green | Info: TUSD 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 | Ethena USDe Ethena Synthetic / delta-neutralPartial profile | $3.9B | 0 events max 0.18% | Yellow | Watch: USDE supply contracted 5.3% in 7 days | ||
| #9 | Agora Dollar Agora Fiat-backedPartial profile | $228,805,737 | 0 events max 0.09% | Yellow | Info: AUSD supply expanded 14.6% in 7 days | ||
| #10 | Euro Coin Circle Fiat-backedPartial profile | $448,283,243 | 31 events max 14.59% | Yellow | Info: EURC supply expanded 5.1% in 7 days | ||
| #11 | USDD TRON DAO Reserve Crypto-backedPartial profile | $1.6B | 0 events max 0.15% | Yellow | Info: USDD supply expanded 6.2% in 7 days | ||
| #12 | crvUSD Curve Crypto-backedPartial profile | $212,972,658 | 0 events max 0.44% | Yellow | Info: CRVUSD moved from Green to Yellow | ||
| #13 | Savings Dai Sky Crypto-backedPartial profile | $171,403,158 | 31 events max 18.25% | Orange | Info: SDAI health score rose 16.3 points | ||
| #14 | USDH Hyperliquid Crypto-backedPartial profile | $21,221,365 | 2 events max 1.12% | Orange | Warning: USDH moved from Green to Orange | ||
| #15 | Frax Frax Finance Mixed collateralPartial profile | $219,968,340 | 31 events max 1.55% | Orange | Watch: FRAX supply contracted 7.4% in 7 days | ||
| #16 | Fei USD Fei Protocol Crypto-backedPartial profile | $3,601,665 | 5 events max 1.22% | Orange | Warning: FEI moved from Green to Orange | ||
| #17 | Alchemix USD Alchemix Crypto-backedPartial profile | $9,938,638 | 31 events max 7.28% | Orange | Warning: ALUSD reached a new 30d peg stress high | ||
| #18 | USDB Blast Fiat-backedPartial profile | $12,205,675 | 12 events max 1.28% | Red | Warning: USDB moved from Orange to Red | ||
| #19 | Liquity USD Liquity Crypto-backedPartial profile | $27,481,159 | 15 events max 0.96% | Red | Watch: LUSD health score fell 18.6 points | ||
| #20 | Mountain Protocol USDM Mountain Protocol Fiat-backedPartial profile | $1,392,084 | 9 events max 1.61% | Red | Watch: USDM health score fell 13.0 points | ||
| #21 | USDX USDX Unknown typePartial profile | $5,133,952 | 20 events max 99.27% | Red | Warning: USDX reached a new 30d peg stress high | ||
| #22 | sUSDS Sky Crypto-backedPartial profile | $4.6B | 30 events max 10.46% | Red | Watch: SUSDS health score fell 12.3 points | ||
| #23 | Magic Internet Money Abracadabra Crypto-backedPartial profile | $4,218,036 | 31 events max 91.91% | 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 28, 2026, 12:02 AM UTC
warningPeg · Warning · 24h · High confidence
Maximum 30d peg deviation reached 7.28% from 6.67%.
Prev 6.67% Now 7.28%
Jul 28, 2026, 12:02 AM UTC
watchUnknown · Watch · 24h · Medium confidence
Health score moved from 56.8 to 43.8 day over day.
Prev 56.8 Now 43.8
Jul 28, 2026, 12:02 AM UTC
warningUnknown · Warning · 24h · Medium confidence
Health score moved from 48.0 to 50.7, triggering a risk band transition.
Prev 48.0 Now 50.7
Jul 28, 2026, 12:02 AM UTC
warningUnknown · Warning · 24h · Medium confidence
Health score moved from 85.3 to 53.0, triggering a risk band transition.
Prev 85.3 Now 53.0
Jul 28, 2026, 12:02 AM UTC
infoPeg · Info · 24h · Medium confidence
Maximum 30d peg deviation reached 0.44% from 0.44%.
Prev 0.44% Now 0.44%
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