Ref. $1.00 · Peg watch
Stablecoins
How close each dollar token sits to a dollar. We price every one against the dollar itself, from the exchanges we read every five minutes, and keep a week of readings and a year of daily closes beside it.
The market caps of the 26 in the table, added up.
read 06:30:20Z12/12 venuessnapshot 803157e1
Of $2.64T, the market cap of all 2,179 coins we rank.
One cell per coin, biggest first; lit ones are inside the band. Cap USD sits furthest away, 2,172 basis points over the dollar.
USDC isn't counted here. The registry keeps it out of the ranking: tokenised asset (forex), not a cryptocurrency. Against the dollar it reads $1.0000 (-0.3 bp) across 10 venues.
Fig. 01 · Around the dollar
Where each one trades right now
One dot per coin, placed by its price against $1 and sized by market cap. The shaded band is half a percent either side.
Fig. 02 · Coin by coin
Every dollar stablecoin we rank
Biggest first. Each line is the last seven days of the registry's readings, drawn 1% either side of $1.
| Coin | vs $1 | 7 days |
|---|---|---|
| -14 bp-0.14% |
|
|
| -3.4 bp-0.03% |
|
|
| -5.5 bp-0.06% |
|
|
| -2.1 bp-0.02% |
|
|
| -18 bp-0.18% |
|
|
| -1.0 bp-0.01% |
|
|
| -11 bp-0.11% |
|
|
| +0.5 bp0.00% |
|
|
| -89 bp-0.89% |
|
|
| -21 bp-0.21% |
|
|
| -16 bp-0.16% |
|
|
| -17 bp-0.17% |
|
|
| +0.5 bp+0.01% |
|
|
| -63 bp-0.63% |
|
|
| -16 bp-0.16% |
|
|
| -19 bp-0.19% |
|
|
| -3.2 bp-0.03% |
|
|
| -35 bp-0.35% |
|
|
| -18 bp-0.18% |
|
|
| +1.1 bp+0.01% |
|
|
| -29 bp-0.29% |
|
|
| +2.0 bp+0.02% |
|
|
| +2,172 bp+21.72% |
|
|
| +1.5 bp+0.01% |
|
|
| +0.5 bp+0.01% |
|
|
| -26 bp-0.26% |
|
Fig. 03 · Lost pegs
Dollar tokens that stopped being one
A dollar token lands here when its daily closes over the last 30 days have a median more than 3% under $1, or when it's on our short list of pegs that broke for good.
-
TerraClassicUSD USTC $0.004495
It last closed within 3% of a dollar on May 9, 2022 (our daily closes for it, from HTX, go back to Dec 23, 2021), and today it sits 99.55% under the dollar.
Fig. 04 · Other currencies
Pegged to something else
These track the euro, the yen, the Swiss franc and the pound. We read no exchange rates, so there's no distance from their own currency to show, only what they trade at in dollars.
| Coin | Tracks | In dollars |
|---|---|---|
| EURC EURC | EUR | $1.1225 |
| EUR CoinVertible EURCV | EUR | $1.1227 |
| JPY Coin JPYC | JPY | $0.006307 |
| Frankencoin ZCHF | CHF | $1.2252 |
| Eurite EURI | EUR | $1.1224 |
| Tokenised GBP TGBP | GBP | $1.3457 |
Ref. 01 · Method
How to read this page
- Price
- Measured against the dollar itself. Pairs quoted in US dollars count as they are; pairs quoted in USDT, USDC or another stablecoin are converted at that coin's own price on its dollar pairs, read in the same pass. In this read USDT is at $0.9987 and USDC is at $0.9997. The coin pages count every stablecoin quote as exactly $1, so their prices can differ from these by a few basis points.
- vs $1
- How far the price sits from a dollar. A basis point (bp) is a hundredth of a percent: $0.0001 on a dollar.
- 7 days
- The registry's own readings, two hours to a point, with each point's low and high when they differ. Like the coin page chart, they count USDT and USDC as exactly $1, so a line can sit a few basis points off the price beside it. The band is half a percent either side of $1; a gap means no readings for those hours.
- 24h low – high
- As the busiest pair for the coin reports them, named under the figures.
- Venues
- The cheapest and the dearest exchange for the coin right now. Only venues that traded at least $10,000 of it in the last day count; a last price nobody trades at says little.
- Days off
- Of our daily closes for the 365 days before today, how many sat more than 1% from $1, and more than 3%. Like the coin pages, these closes count stablecoin quotes as $1.
A price near $1 is what the market paid; it says nothing about an issuer's reserves. This page is information, not advice.
Left out: 5 more dollar tokens traded under $1,000 in the last day, below the ranking's floor: Open USD, apxUSD, crvUSD, USDsui and USDu.
8 coins carry a stablecoin tag in the exchanges' categories but trade nowhere near a dollar or another currency, so they're left out: Ethena (ENA), World Liberty Financial (WLFI), Sky, USD.AI (CHIP), Spark (SPK), RE, Keeta (KTA) and Usual.