PEG — Stablecoin Peg Monitor

USD-pegged stablecoins with peg deviation in basis points.

1. STEP 01 / 04

   Top USD stablecoins, peg deviation in bps

   USDC / USDT / DAI / FDUSD / etc. Each shows current price + bps deviation from $1.00. Stress regime: deviation > 50bp = active de-pegging; > 100bp historically = liquidity crisis or counterparty event.

2. STEP 02 / 04

   Why this is the crypto-stress canary

   Stablecoin issuers hold short-duration paper as reserves (T-bills, repo). When that paper re-prices fast, redemption pressure forces de-pegs. The first thing that breaks in a liquidity event — earlier than equity, often earlier than credit spreads.

3. STEP 03 / 04

   Per-coin breakdown row

   Issuer + reserve composition (cash / T-bills / commercial paper / corp bonds). Less paper-heavy reserves = lower de-peg vulnerability. USDC's Mar-2023 SVB de-peg was a transmission of SVB's collapse via reserve banking.

4. STEP 04 / 04

   Pair with Crypto Funding Rates

   Type FR. Funding rates spiking + stablecoin de-pegging + perpetual basis collapsing = full crypto-deleveraging cascade in progress. The three-signal confirmation that historical liquidations ran on.

   PaletteFR

Per-coin tracker for the dominant USD stablecoins — USDT, USDC, DAI, FDUSD, FRAX, USDe, PYUSD, USDS, MIM, TUSD. For each: current price, deviation from $1.00 in basis points, 24-hour trading range (also in bps), and market cap.

A clean peg sits at $1.0000 ± 5 bps. A drifting peg (15 bps+) is the early warning. A de-peg (50 bps+) means something is broken. Crisis territory (200 bps+) is rare and consequential — usually predicts forced liquidation cascades on lending platforms within hours.

• Palette: add peg or add stablecoin.
• Mnemonics: peg, stablecoin, stablepeg, depeg, stable.
• Symbol-agnostic — the panel surveys all top stablecoins regardless of the active chart symbol.

• SYMBOL — uppercase ticker (USDT, USDC, …).
• PRICE — current USD price to 4 decimal places.
• DEVIATION — signed deviation from $1.00 in basis points. Color-coded by magnitude. Negative deviation (under-peg) reads warm — usually the more worrying direction (capital flight). Positive deviation reads warning-amber (often arb-correctable surplus demand).
• 24h RANGE — total intraday trading range in bps. Highlights names where peg is unstable even if currently centered.
• MCAP — market cap in billions. Used for sorting and impact-weighting.

Hero chip color-coded by the worst-offending coin's absolute deviation:

• PEGGED (max abs ≤ 15 bps) — clean. Pegs are doing their job.
• DRIFTING (15–50 bps) — meaningful deviation on at least one coin. Watch for follow-through.
• DE-PEGGED (50–200 bps) — at least one major name is broken. Material risk to lending protocols and CEX redemption flows.
• CRISIS (200 bps+) — extreme territory. Historically preceded TerraUSD collapse, FTX/Alameda fallout, SVB-induced USDC depeg.

• Macro regime indicator. Stress in stablecoins often leads broader crypto risk-off by hours. Open this screen at the start of every session; if regime flips to DRIFTING, tighten stop discipline on long crypto positions.
• Forced-deleveraging anticipation. Lending protocols (Aave, Compound) liquidate when collateral stablecoins de-peg. A meaningful de-peg = expected liquidation pressure on the assets borrowed against that stablecoin in the next 1-6 hours.
• Arb screen. Small deviations on smaller issuers are tradeable on borrow / lend / DEX platforms. Pros run automated arb on FRAX / USDe / GHO basis trades.

Prices refresh every 60 seconds from licensed market data.

• FUNDING — perp funding rates: stress in funding often pairs with stablecoin de-peg.