Stablecoin Peg Check
Stablecoin peg check
Stablecoins tracked
Priced below sub-cent
Within 10 bps of $1
Largest deviation
| Stablecoin | Price | Deviation | In basis points |
|---|---|---|---|
| TrueUSD (TUSD) | $0.9952 | -0.479% | -47.9 |
| USDD (USDD) | $0.9978 | -0.222% | -22.2 |
| Tether (USDT) | $0.9992 | -0.081% | -8.1 |
| USD1 (USD1) | $0.9994 | -0.058% | -5.8 |
| USDC (USDC) | $0.9996 | -0.041% | -4.1 |
| PayPal USD (PYUSD) | $0.9997 | -0.035% | -3.5 |
| Ethena USDe (USDE) | $0.9997 | -0.031% | -3.1 |
| USDS (USDS) | $0.9999 | -0.006% | -0.6 |
| Dai (DAI) | $1.0000 | -0.003% | -0.3 |
| Ripple USD (RLUSD) | $1.00 | reported at exactly $1 — no finer precision from the source | |
Deviation is measured against exactly $1.00 and shown in basis points, where 100 bps is 1%. Small deviations are completely normal and mostly reflect where the reference price was sampled rather than any problem with the coin: a few basis points either side is ordinary market noise across venues. Some coins are reported by our source at exactly $1 rather than to sub-cent precision. For those, no deviation can honestly be computed, so the row says so instead of printing a zero — a zero would look like a measurement of a perfect peg when it is really an absence of precision. They are excluded from the counts above for the same reason. A sustained move of tens or hundreds of basis points is a different matter and worth understanding before acting on. Only dollar-referenced stablecoins appear here — a euro or commodity token has no $1 peg to deviate from. Coins we hold no price for are omitted rather than shown at $1. Source and freshness: see our methodology. Not advice.
What this table shows
Every dollar-referenced stablecoin we hold a price for, its current price to four decimal places, and how far that is from exactly $1.00 — as a percentage and in basis points, sorted largest deviation first.
Reading basis points
A basis point is one hundredth of a percent, so 100 bps is 1% and 10 bps is 0.1%. Stablecoins are quoted this way because the interesting movements are far too small to read comfortably as percentages: “$0.9994” is easier to think about as “−6 bps”.
Small deviations are normal
This is the important context. A few basis points either side of $1.00 is ordinary and usually says more about where the price was sampled than about the coin — different venues trade at slightly different prices at any instant, and a reference price is an aggregate of them. A stablecoin at $0.9997 is not in difficulty.
What is worth attention is a deviation of tens or hundreds of basis points, particularly one that persists rather than snapping back within hours, and most of all one that widens. Historically the genuinely serious events showed up as sustained moves of hundreds or thousands of basis points, not as the low single digits you will usually see in this table.
What the number cannot tell you
Whether the peg is sound. Price is an output; the things that determine whether a stablecoin holds are its reserves, who audits them, what the redemption mechanism is and who is permitted to use it. Two coins trading at the same $0.9998 can have entirely different risk behind them, and a coin can trade at $1.0000 right up until it does not. Treat this table as a monitor, not as an assessment.
Only dollar-referenced coins appear — a euro or commodity-backed token has no $1 peg to deviate from, so including it would make the column meaningless. Any coin we do not hold a price for is omitted rather than shown at $1.00.
Frequently asked questions
How often does this update? With the same cached market layer as the rest of the site; the freshness and source are documented in our methodology.
Why is a coin I expected missing? Either it is not dollar-referenced, or we hold no current price for it. We omit rather than assume.
Does a deviation mean I should act? No. This is a measurement, not a signal, and we publish no buy or sell recommendations.
Is this advice? No. See our disclaimer.