Dashboard Protocols Chains Stability Yield Finder
Peg Health Score
99.1
System Status
Robust
FX Rate Used
1 EUR ≈ $1.1666
Asset Current Value Peg Target Deviation Status
FRAX $0.9937 $1.0000 0.632% Watch
LUSD $1.0013 $1.0000 +0.134% Stable
USDT $1.0003 $1.0000 +0.035% Stable
USDC $0.9998 $1.0000 0.019% Stable
DAI $0.9999 $1.0000 0.007% Stable
PYUSD $1.0000 $1.0000 0.000% Stable
FDUSD $1.0000 $1.0000 0.000% Stable
GHO $1.0000 $1.0000 0.000% Stable
EURC EUR PEG 1.0000 €1.0000 0.000% Stable

Market Analysis & Methodology

The Stablecoin Peg Monitor provides real-time oversight of critical DeFi infrastructure. Our proprietary Peg Health Score algorithm aggregates deviation metrics across major USD and Euro-denominated assets to produce a single, actionable system status.

A score of 100 indicates perfect alignment with fiat targets, while scores below 85 signal rising market volatility. Maintaining awareness of peg stability is vital for liquidity providers; when a stablecoin deviates significantly (e.g., >1.5%), smart contract risk premiums often spike.

Understanding Asset Pegs

Not all stablecoins maintain their value through the same mechanisms. This dashboard tracks three primary categories:

  • Fiat-Collateralised (USDC, USDT, EURC): Backed 1:1 by reserves of fiat currency and treasuries held in traditional bank accounts.
  • Crypto-Collateralised (DAI, LUSD): Backed by on-chain assets (like ETH) in over-collateralised vaults.
  • Algorithmic: Rely on arbitrage incentives and supply elasticity to maintain parity (highest risk profile).

Interpreting the Deviation Data

Minor fluctuations (0.01% - 0.10%) are standard in efficient markets and represent the cost of swapping assets. These micro-deviations often present arbitrage opportunities for high-frequency traders. However, sustained deviations >0.50% (marked "Watch") suggest liquidity imbalances on Curve or Uniswap pools.

Note on EURC: Unlike USD assets, EURC is pegged to the Euro. Our system fetches live Forex rates (EUR/USD) to normalise the display. If EURC trades at $1.08 USD, and the Forex rate is $1.08, we display this as €1.00 (Parity) to avoid false alarms.

Quick FAQ

What is a de-peg event?
A de-peg occurs when a stablecoin's market value moves significantly away from its target (e.g., dropping to $0.95). This usually signals a loss of confidence or liquidity crisis.
How often is data updated?
Our indexer refreshes pricing data every 5 minutes to ensure you have the latest risk metrics without overloading your browser.
Why is USDT sometimes > $1.00?
During high market volatility, traders often flee to safety, driving up demand for USDT and pushing its price slightly above $1.00 temporarily.
Is this financial advice?
No. This dashboard is an analytics tool for monitoring on-chain liquidity health. Always perform your own due diligence.