Stability and market resilience
The index tracks observed peg deviation behavior, market volatility, market cap stability, and volume trend context for major stablecoins.
Stablecoin earnings, explained.
Stablecoin earnings, explained.
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 Aug 9, 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 | USD Coin Circle Fiat-backedPartial profile | $72.2B | 0 events max 0.05% | Green | Info: USDC reached a new 30d peg stress high | ||
| #2 | PayPal USD PayPal Fiat-backedPartial profile | $2.8B | 0 events max 0.04% | Green | Watch: PYUSD supply contracted 7.4% in 7 days | ||
| #3 | First Digital USD First Digital Fiat-backedPartial profile | $350,875,325 | 0 events max 0.32% | Green | No recent signal | ||
| #4 | TrueUSD TrueUSD Fiat-backedPartial profile | $492,242,082 | 0 events max 0.49% | Green | Info: TUSD reached a new 30d peg stress high | ||
| #5 | Dai Sky Mixed collateralPartial profile | $4.6B | 0 events max 0.02% | Green | Watch: DAI moved to #5 by market cap | ||
| #6 | USDD TRON DAO Reserve Crypto-backedPartial profile | $1.6B | 0 events max 0.22% | Green | Info: USDD health score rose 9.3 points | ||
| #7 | Sky Dollar Sky Mixed collateralPartial profile | $9.9B | 0 events max 0.02% | Green | Info: USDS moved from Yellow to Green | ||
| #8 | Ethena USDe Ethena Synthetic / delta-neutralPartial profile | $3.9B | 0 events max 0.07% | Green | Info: USDE moved from Yellow to Green | ||
| #9 | Fei USD Fei Protocol Crypto-backedPartial profile | $3,603,288 | 0 events max 0.11% | Yellow | Info: FEI moved from Green to Yellow | ||
| #10 | crvUSD Curve Crypto-backedPartial profile | $213,452,454 | 0 events max 0.26% | Yellow | Watch: CRVUSD health score fell 13.3 points | ||
| #11 | Agora Dollar Agora Fiat-backedPartial profile | $210,598,653 | 0 events max 0.09% | Yellow | Warning: AUSD supply contracted 12.9% in 7 days | ||
| #12 | USDB Blast Fiat-backedPartial profile | $11,948,227 | 6 events max 0.81% | Orange | Info: USDB health score rose 11.4 points | ||
| #13 | Euro Coin Circle Fiat-backedPartial profile | $456,512,560 | 31 events max 15.53% | Orange | Warning: EURC moved from Yellow to Orange | ||
| #14 | Tether USDt Tether Reserve-backedPartial profile | $183.1B | N/A events max N/A | Orange | Warning: USDT moved from Green to Orange | ||
| #15 | sUSDS Sky Crypto-backedPartial profile | $4.8B | 31 events max 10.59% | Orange | Warning: SUSDS moved from Red to Orange | ||
| #16 | Mountain Protocol USDM Mountain Protocol Fiat-backedPartial profile | $1,393,728 | 11 events max 1.61% | Orange | Info: USDM health score rose 9.6 points | ||
| #17 | Liquity USD Liquity Crypto-backedPartial profile | $27,779,992 | 10 events max 0.79% | Orange | Warning: LUSD moved from Red to Orange | ||
| #18 | Frax Frax Finance Mixed collateralPartial profile | $217,279,806 | 31 events max 1.20% | Red | Warning: FRAX moved from Orange to Red | ||
| #19 | USDH Hyperliquid Crypto-backedPartial profile | $21,306,843 | 10 events max 2.87% | Red | Warning: USDH reached a new 30d peg stress high | ||
| #20 | Alchemix USD Alchemix Crypto-backedPartial profile | $9,763,750 | 31 events max 7.12% | Red | Warning: ALUSD moved from Orange to Red | ||
| #21 | Savings Dai Sky Crypto-backedPartial profile | $171,184,203 | 31 events max 24.83% | Red | Watch: SDAI health score fell 19.6 points | ||
| #22 | USDX USDX Unknown typePartial profile | $5,235,878 | 14 events max 99.26% | Red | Warning: USDX reached a new 30d peg stress high | ||
| #23 | Magic Internet Money Abracadabra Crypto-backedPartial profile | $3,731,844 | 30 events max 94.07% | 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.
Aug 9, 2026, 12:03 AM UTC
infoUnknown · Info · 24h · Medium confidence
Health score moved from 75.5 to 84.8 day over day.
Prev 75.5 Now 84.8
Aug 9, 2026, 12:03 AM UTC
watchUnknown · Watch · 24h · Medium confidence
Health score moved from 96.2 to 60.5 day over day.
Prev 96.3 Now 60.5
Aug 9, 2026, 12:03 AM UTC
warningUnknown · Warning · 24h · Medium confidence
Health score moved from 96.2 to 60.5, triggering a risk band transition.
Prev 96.3 Now 60.5
Aug 9, 2026, 12:03 AM UTC
warningUnknown · Warning · 24h · Medium confidence
Health score moved from 49.5 to 60.9, triggering a risk band transition.
Prev 49.5 Now 60.9
Aug 9, 2026, 12:03 AM UTC
warningUnknown · Warning · 24h · Medium confidence
Health score moved from 55.9 to 49.9, triggering a risk band transition.
Prev 55.9 Now 49.9
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