What Is a Stablecoin Depeg?
A stablecoin depeg occurs when a coin designed to track $1.00 USD trades significantly above or below that price. Even a deviation of 0.5% can signal systemic stress — as seen with USDC during the Silicon Valley Bank collapse in March 2023, when it briefly fell to $0.87. The most catastrophic depeg in history was Terra's UST in May 2022, which collapsed to near zero in 72 hours, wiping out over $40 billion in market cap.
This monitor tracks USDT, USDC, DAI, USDe, USDD, TUSD, FDUSD, FRAX, and USDP in real time using live CoinGecko price feeds. Green means the coin is trading within 0.1% of peg — normal. Yellow (0.1–0.5%) warrants attention. Red (>0.5%) is an active alert. For a full breakdown of each stablecoin's backing mechanism and risk profile, visit the Stablecoins hub. Compare yields across protocols with the Stablecoin Yield Comparison tool.