Stablecoin Monitor

Live peg price and supply data for major stablecoins. A depeg event can signal systemic risk in crypto markets.

Stablecoin comparison

NameTypeIssuerBackingSupply
USDTFiat-backedTetherUSD reserves + T-bills~$120B
USDCFiat-backedCircleUSD + short-term T-bills~$45B
DAICrypto-backedMakerDAOETH/USDC collateral~$5B
FDUSDFiat-backedFirst DigitalUSD reserves~$2B
PYUSDFiat-backedPayPalUSD + short-term T-bills~$1B
⚠ Depeg warning signals:

About this tool

This tool monitors major stablecoins, showing how closely each holds its intended peg and how large its market cap is. It helps users watch for signs of stress and track the overall size of stablecoins in the market.

It compares each stablecoin's current price against its target value, usually one dollar, and displays the deviation along with the coin's total market capitalization. A price drifting away from the peg is called depegging, and rising or falling market cap reflects coins being issued or redeemed.

Frequently asked questions

What is a stablecoin peg?

A peg is the fixed value a stablecoin aims to hold, most commonly one US dollar. The coin uses mechanisms like reserves or algorithms to keep its market price close to that target.

What does it mean when a stablecoin depegs?

Depegging is when a stablecoin's market price drifts meaningfully away from its target value. Small deviations are normal and often temporary, but a large or sustained gap can signal stress in the reserves or confidence backing the coin.

Why does stablecoin market cap matter?

A stablecoin's market cap reflects how many coins are in circulation, which relates to demand for holding it and available liquidity in the market. Growing supply can indicate capital moving into crypto, while shrinking supply can indicate redemptions or capital leaving.