Looking for past events rather than today's reading? The stablecoin depeg history lists every episode over 50 bp for all eight coins, with the peak, the worst day and how long each one lasted.

How to read a deviation

under 10 bp	Ordinary. Every stablecoin sits a few bp off $1 nearly all the time; secondary markets are not redemption windows.
10 to 50 bp	Worth a glance. Usually thin liquidity on one venue or a large redemption queue, not a solvency signal.
50 to 200 bp	A real dislocation. This is where the history page draws the line for calling something a depeg.
over 200 bp	Rare. Historically tied to a named event: a bank failure, a reserve disclosure, or a collateral chain breaking.

Direction matters as much as size. Trading below $1 means holders are selling at a discount to get out. Trading above $1 means people are paying a premium to get in, which usually happens when a different stablecoin is the one in trouble. The status column uses the same four bands as this table, so "worth a glance" on the table and "worth a glance" in the text mean the same range.

What the other columns add

Backing is the shorthand for how the coin is supposed to hold $1. A fiat-backed coin holds cash and short-term government paper at banks and custodians, so its risk is a reserve question: is the money there, and can the issuer reach it today. A crypto-backed coin holds other tokens as collateral, so its risk is a collateral question: what those tokens are worth, and whether any of them is itself a stablecoin under stress. The designs are compared in Stablecoins 101.

Supply and 7-day supply show how many coins exist and how that changed over the week. Supply shrinks when holders redeem with the issuer and the coins are destroyed. Read next to the deviation, a shrinking supply during a discount says redemptions are working, which is the mechanism that normally pulls the price back. A shrinking supply with the price at $1 is usually just a large holder rotating out, and means little.

Worst ever is the single deepest daily reading in the coin's history in this dataset, so today's number has a scale to sit against. A 30 bp reading on a coin whose worst day was 389 bp is a different thing from 30 bp on a coin that has never been past 60. Each figure links to the full list of that coin's episodes.

What to do when a reading crosses 50 bp

1. Look at the other rows first. One coin at a discount and another at a premium on the same day is one event, not two. The coin at a premium is where the money went; the coin at a discount is where it left. If several coins are off at once, the problem is shared, and the usual shared thing is a reserve asset or a bank.
2. Find out whether redemption is still working. The issuer's own status page or announcements will say whether $1 redemptions are being honoured. If they are, the discount is an arbitrage that institutions will close, usually within days. If redemptions are paused, the discount is information about the reserves and there is no reliable pull back toward $1 until it is resolved.
3. Check how your card holds the balance. Some card programs convert your stablecoin to fiat at the moment you top up; others hold it as the coin until you spend. Only the second kind is exposed to the reading on this page. The practical checklist is in what a depeg does to a U-card holder.
4. Do not top up during the episode if the card converts at market rate, because every dollar of coin you load becomes less than a dollar of balance. If the card converts at a fixed $1, expect the program to protect itself by pausing top-ups if the episode lasts.

What this page cannot tell you

• A market price is not a redemption price. Everything here is what the secondary market paid. An issuer that still redeems at $1 for whitelisted counterparties can look broken on this page while redemptions clear normally, and the reverse is also possible.
• Yield-bearing tokens are not on this page on purpose. Tokens that accrue interest into the token price drift permanently above $1 by design. Measuring those against $1 produces an enormous fake depeg, so only constant-peg dollar tokens are listed.
• Wound-down tokens are excluded for the same reason. A retired stablecoin sits permanently far off peg; that is an obituary, not an event.
• Supply change is context, not a verdict. Shrinking supply can mean redemptions under stress or simply that a market maker rotated inventory. It is worth reading next to the deviation, never on its own.
• One source, one price. There is no single true price for a token that trades on dozens of venues. Treat a reading near the threshold as approximate, and expect the price on the exchange you actually use to differ by a few basis points in either direction.
• It says nothing about why. A deviation is a symptom. The cause is in the issuer's disclosures, the news about its banks, or the collateral it holds, and none of that is on this page.

How to check the reading against your own numbers

The quickest cross-check is the exchange you trade on: open the coin's USD or USDT pair and compare the last price with the price column above. A gap of a few basis points is normal; a gap of fifty or more means one of the two venues is thin, and the deeper of the two readings is the one to take seriously. On a card, compare the balance you received on your most recent top-up with the amount of coin you sent; the difference is the top-up fee on a normal day and the fee plus the discount during an episode. How top-up conversion works shows where to find that figure in a card app.

Where the numbers come from

• Live prices: this site's own /api/prices, which reads public market sources server-side. Your browser never contacts the data provider.
• Supply, backing type, worst-ever reading and the event list on the history page: DefiLlama stablecoins API, snapshot 2026-09-05.
• Event threshold: 50 bp. Below that, day-to-day noise would fill the history and mean nothing.
• If live prices cannot be fetched, the deviation column says so. It never falls back to showing $1.0000 as though it were live.