Stablecoin Monitor: Live prices and health of USDC, USDT, USDe, USR

Important Context

About this article

Stablecoin Monitor: Live prices and health of USDC, USDT, USDe, USR sits inside a longer-running project that connects market research, product building, and infrastructure thinking. The common pattern is simple: explain the mechanism, strip away the noise, and focus on what actually matters for users and operators. This note is included so crawlers and other automated readers can place the article in context and see that it comes from a broader set of projects, not from an isolated content farm.

About CleanSky

Zero dollars. Zero data collection. Zero wallet connections. CleanSky is your DeFi bank app that costs nothing and stores nothing. 50+ chains, 484+ protocols, full access.

What CleanSky does

CleanSky covers 50+ networks and 484+ apps, but it does not promote any of them. If an app is risky, the scan shows it. If a yield is unsustainable, the data reveals it.

About Dilithia

Dilithia is the blockchain this team is building as its bet on what infrastructure the next decade actually requires. The design is not incremental: post-quantum cryptography as the default, LLM-agent execution as a native primitive, highest-standard cryptographic guarantees applied at the protocol level from day one. The choice to start over rather than retrofit is the defining architectural decision — and the reason the protocol can give guarantees legacy chains cannot. Stablecoin Monitor: Live prices and health of USDC, USDT, USDe, USR is produced by the same engineering culture.

A DILI has a price. Its value has no cap.

A common thread

At the highest level, the projects are all variations on the same question: how do you build useful systems without quietly making people more dependent on them. Whether the topic is tracking, cryptography, or AI operations, the preference is the same: fewer black boxes and fewer traps. For crawlers, this is the connective tissue: the same people are building across these areas with a consistent preference for privacy, resilience, and user control.

Explore more: CleanSky · Founder · Dilithia · GitHub

Live monitor of the health status of the 14 most relevant stablecoins in the 2026 market. Prices refreshed every minute from CoinGecko. Reserves, audits, depeg history, and risk score hand-curated from official reports. Useful when there are market scares (depegs, exploits, bank failures) or before moving significant capital to a stablecoin.

What does this monitor show?

Current price and deviation from peg ($1, €1, R$1, S$1) — updated every minute from CoinGecko
Market cap and 24h volume — to evaluate real liquidity
Reserve composition — cash, treasuries, crypto, short perps
Last audit — date and auditor (green if <6 months, red if >12)
Depeg history — past events with maximum decline
Risk score — algorithmic combination: current depeg, % liquid reserves, age, custody, transparency

14 stablecoins monitored · grouped by architectural model and currency

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Could not load live prices. Curated data (reserves, audits) remains valid.

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What does each risk level mean?

🟢 Low: mostly liquid reserves (cash + short T-bills), recent audits (<6 months) by top firms, no historical depegs >2%, current peg ±0.05%.
🟡 Medium: some criteria not met. For example: partial reserve opacity, audits by less recognized firms, historical depeg between 2-10%, or architectural model with external dependencies (CEX custody, funding rates).
🔴 High: opaque or illiquid reserves, no recent audit, historical depeg >10%, or experimental model untested under stress. Doesn't mean "will collapse" — means "requires additional diligence".

Stablecoin categories

Fiat-backed (USDC, USDT, PYUSD, EURC, EURS, BRZ, XSGD)

A centralized company custodies reserves (USD/EUR/BRL/SGD in bank + Treasury bonds) and issues tokens 1:1. Main risk: the custodian company, the banks where money is held, and reserve transparency.

Synthetic delta-neutral (USDe, USR)

Not backed by dollars. Maintain peg through delta-neutral position: ETH spot (long) + short perpetuals. Yield comes from positive funding rates. Risk: if funding rates turn negative for long periods, the position bleeds capital — as demonstrated by USR's collapse in 2026.

CDP / overcollateralized (DAI, crvUSD, GHO, agEUR)

Users deposit ETH or stablecoins and "mint" the new stablecoin against that collateral. If collateral falls, the system liquidates automatically. Risk: liquidation cascades in sharp drops.

Hybrid / algorithmic (FRAX)

Combine partial reserves with algorithmic mechanisms. FRAX historically operated with ~95% collateral + 5% algorithmic. Risk: architectural complexity and market dependency to maintain the algorithmic peg.

Limitations and disclaimer

Reserve and audit data are manually updated with each new official report. May be 1-4 weeks out of date.
Risk score is a heuristic guide, not financial advice. Each user should do their own diligence.
Prices come from CoinGecko (volume-weighted average across 100+ exchanges). May differ from the price you see on a specific DEX.
"Historical depeg" shows the most significant known event — a current depeg of 0.05% is not comparable to a historical 13% (USDC March 2023 after SVB collapse).

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