stablecoin peg monitor
Monitor stablecoin circulating supply, live price, peg asset, peg mechanism, and peg stress across major stablecoins using open data.
What this page answers
Bathymark's stablecoin peg monitor tracks circulating supply, current price, peg asset, peg mechanism, and basis-point drift from the anchor. It helps readers see which stablecoins are holding their peg and which are drifting from the cash layer they promise.
A stablecoin is a promise to hold an anchor, usually one dollar. A small gap can be ordinary plumbing. A large or persistent gap can mean the market is pricing doubt about redemption, backing, liquidity, or venue access.
Circulating supply shows the size of the promise. A one-cent drift on a large stablecoin is a different event from the same drift on a small, thin coin. Bathymark reads price and circulation together.
These pages carry the live readings and source trails behind this hub.
The stablecoins table shows each tracked coin's live price against its peg. Entity pages translate the gap into basis points and state whether the drift is material.
Peg stress is the distance between a stablecoin's market price and its promised anchor, read alongside the amount circulating.