Depeg Radar →
  PEG INDEX $172.4B  •  USDT $1.0002 +0.02%  •  USDC $1.0001  •  DAI $0.9999  •  FDUSD $0.9987 -0.13%  •  TUSD $0.9971  •  FRAX $1.0011  •  PYUSD $1.0000  •  LUSD $1.0023  •  DOMINANCE USDT 58.4%  •  DEPEG ALERTS: 2 WATCH  •  UPDATED EVERY 30 SEC  •  PEG INDEX $172.4B  •  USDT $1.0002  •  USDC $1.0001  •  DAI $0.9999  • 
Live • 147 pegged assets tracked • Updated 28s ago

Every peg.
Every marketcap.
One radar.

PEGMarketCap is the Bloomberg for pegged dollars. We aggregate real-time capitalization, peg deviation, liquidity depth and collateral backing for every stablecoin, wrapped BTC, liquid-staking peg and RWA dollar — so you see depegs before X does.

Explore live caps ↓What is PEG MarketCap?
Total Pegged Capitalization● LIVE
$172,483,920,114
▲ +2.34% (7d) + $3.94B inflow
Total pegged market capitalization chart growth
58.4%
USDT dominance
22.1%
USDC share
99.98¢
Avg peg health
⚡ Depeg Radar — last 24h

AI watches 1-min candles, Curve pools and funding across 38 chains.

TUSD TrueUSD$0.9971 WATCH
FDUSD First Digital$0.9987 WATCH
USDD Tron Dollar$1.0004 STABLE
DAI Sky/Maker$0.9999 STABLE
Stablecoin peg radar visualization Get instant alerts

$172.4B

Total pegged marketcap across 147 assets

38 chains

Ethereum, Tron, Solana, BSC, Base, Arbitrum +32

0.04%

Median deviation from $1.00 peg today

24/7

Proof-of-reserve + Curve + DEX monitoring

01 — Live markets

Top pegged assets by market capitalization

Rank, price vs peg, 24h flows and backing. Values refresh every 30 seconds from 140+ exchanges and on-chain oracles. Click any methodology note to understand weighting.

#Asset / PegPriceDeviationMarketCap24h FlowStatus
1USDT Tether • USD$1.0002+0.02%$100.62B+$812MPegged
2USDC Circle • USD$1.0001+0.01%$38.14B+$421MPegged
3DAI Sky • USD$0.9999-0.01%$5.38B+$38MPegged
4FDUSD First Digital • USD$0.9987-0.13%$3.92B-$112MWatch
5USDE Ethena • USD$1.0012+0.12%$3.41B+$96MPegged
6PYUSD PayPal • USD$1.00000.00%$1.12B+$22MPegged
7TUSD TrueUSD • USD$0.9971-0.29%$0.84B-$64MWatch
8FRAX Frax • USD$1.0011+0.11%$0.71B+$9MPegged
9LUSD Liquity • USD$1.0023+0.23%$0.32B+$3MPegged
10USDD Tron • USD$1.0004+0.04%$0.74B+$1MPegged

* Marketcap = circulating supply × peg reference price ($1.00, €1.00, BTC, ETH). Excludes locked team vesting. Full methodology →

02 — Why PEGMarketCap

Built for depeg hunters, treasuries & degens

◉

Peg Deviation Engine

We blend CEX mid-price, DEX TWAP and Curve virtual price into one health score. See 0.05% wobbles 40 minutes before they trend.

◎

True MarketCap, Not Hype

Double-mint across chains deduplicated, bridged IOUs labeled, algorithmic supply audited. No inflated $200B fantasies.

⬣

Collateral X-Ray

T-bills, repo, BTC, ETH backing broken down per issuer with attestation dates and custodian risk flags.

⚡

Depeg Alerts in Seconds

Telegram, webhook and on-site radar when deviation >0.3% for >5 min or liquidity drops 30%.

◈

Dominance & Rotation Index

Track USDT vs USDC vs DAI rotation. Capital flight from one stable to another is the earliest bull/bear signal.

⬔

38 Chains, 140 Exchanges

Ethereum, Tron, Solana, Base, Arbitrum, Sui, TON. Normalized liquidity depth so $10M exit slippage is visible.

03 — About

About PEGMarketCap: the peg is the product

PEGMarketCap.com was founded in 2021 after the Iron Finance / Titan collapse taught us a brutal lesson: price means nothing without peg mechanics. CoinMarketCap shows you price. We show you trust.

Today we index 147 pegged assets — fiat-backed stablecoins (USDT, USDC, PYUSD), crypto-backed (DAI, LUSD, FRAX), synthetic dollars (USDe, crvUSD), wrapped BTC/ETH (WBTC, cbBTC, wstETH) and tokenized T-bill dollars (USDY, sDAI). Our combined PEG Index ($172.4B) is quoted by treasuries, funds and media as the neutral barometer of on-chain dollar liquidity.

  • Independent: no issuer pays for ranking. Scores are formulaic and open.
  • Transparent: every marketcap shows supply proofs, contract addresses and bridge tags.
  • Risk-first: we flag 0.2% deviations, thin Curve pools and unaudited mint functions.
  • Historical: full depeg archive — UST 2022, USDC 2023, PYUSD wobble, FDUSD 2024.

Our mission is simple: make $1.00 = $1.00 verifiable in real time. Whether you hold $100 in USDC or manage $100M in treasury stables, you deserve to know what backs your dollar and how fast you can exit.

How we calculateRead research
About PEGMarketCap collateral vault backing illustration
📜 Our promise

If a stablecoin depegs 1%, you'll read why on PEGMarketCap first — with pool data, mint/burn flows and issuer response. No shilling, no paid “stability scores”.

04 — Methodology

How PEG marketcap is calculated

Formula

MC = Circulating × Peg Ref

Circulating excludes: team vesting, unminted treasury, burned, double-counted bridges. Peg Ref is $1.00, €0.92, 1 BTC etc. For wstETH we use ETH-peg, not USD, to avoid ETH volatility polluting peg health.

  • Dual-chain mints merged via canonical bridge registry
  • Algorithmic supply (UST-style) capped by redeemable collateral
  • Rebasing tokens use elastic supply snapshots hourly
PEG marketcap methodology pipeline diagram

Health score 95-100 = tightly pegged, 85-95 = watch (wider spreads), <85 = risk (thin liquidity or reserve questions). Historical UST scored 41 three days before collapse — our backtest shows it.

05 — Research & News

Latest peg intelligence

Depeg autopsies, reserve audits, marketcap rotations and regulation. Every card opens as a full article at /slug/.

Iptv Portugus
Oct 27, 2026 • Peg Research

Iptv Portugus

IPTV for Crypto Investors: How Peg-Market Watchers Stream Live Sports Without Buffering If you track pegged assets,…

Read full analysis →
06 — FAQ

Peg questions, straight answers

What is PEG marketcap?

It's total dollar value of all tokens designed to stay pegged to $1, €1, BTC or ETH. Unlike normal crypto marketcap (price × supply with volatile price), peg marketcap uses the target peg to show how much stable liquidity exists, and separately tracks deviation from that peg.

Why did UST collapse and how do you detect next one?

UST was algorithmic with insufficient exogenous collateral. We watch collateral ratio, Curve pool imbalance (>60% one-sided), mint premium and funding. Three red flags together = Risk badge and alert.

USDT vs USDC — which is safer by your data?

Both score 97-98/100 currently. USDT has deeper liquidity and wider adoption; USDC has cleaner T-bill transparency and US regulation. Diversifying across both plus DAI reduces issuer risk.

How often is data updated?

Prices every 30 seconds, supply every 5 minutes, reserves daily or per attestation. Depeg radar checks 1-minute candles continuously.

Do you list new stablecoins like PayPal PYUSD or Ethena USDe?

Yes, within 48h of $5M circulating and verified contract. PYUSD, USDe, crvUSD, GHO and USDY are already tracked with full backing breakdowns.

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