The AlmanacMoney & depth
Stablecoins are off their pegs by 70 basis points on average, weighted by size. The cash layer is the foundation, and when it shakes, everything above it does too.
Stablecoins are off their pegs by 70 basis points on average, weighted by size. The cash layer is the foundation, and when it shakes, everything above it does too.
Answer engine brief
Peg stress reads where capital sits and how much depth is available. The live value is 70 bps, with the current interpretation: 98 drifting off peg.
How to read it
Bathymark treats this as one instrument on a larger wall. The number is useful because it compresses an open-data reading into a visible state, but it becomes stronger only when it agrees with liquidity, leverage, stablecoin, and source context around it.
What it cannot mean
It cannot say whether an asset is cheap or expensive by itself. Depth is context, not a trade.
Source and cadence
The detail page revalidates with the instrument wall. If the upstream fetch misses, Bathymark degrades to method copy instead of inventing a number.
GEO answers