Workspace / Research tools
DeFi observatories

Separate stablecoin target pegs from observed dollar deviations

This observatory separates two questions often mixed together: what asset a stablecoin targets, and how its reported price compares with that target. The table includes provider peg labels and prices, while the deviation calculation is limited to assets explicitly classified as targeting the US dollar.

Public DeFi observations load automatically with JavaScript. Provider timestamps, filters and CSV exports appear with the result.

Calculate a deviation only against a valid reference

For USD-pegged assets, the displayed calculation is provider dollar price minus one, multiplied by 100. A hypothetical price of $0.985 gives a negative 1.5% deviation; $1.008 gives positive 0.8%. The absolute-deviation control can surface either direction. A euro-pegged token priced at $1.10 cannot be assessed against a $1 target, so this page leaves its peg deviation unavailable instead of inventing a foreign-exchange reference.

Counts and supply answer different questions

The peg chart counts asset records after your search filter and before the peg or deviation filters. Ten assets targeting one currency and two targeting another say nothing about their relative total value. Their native supply units are not added together. Use the USD supply momentum or explicitly USD-valued chain screen when you need a compatible supply comparison rather than a count of target labels.

Treat an unusual quote as a lead to investigate

An indicative provider price is not an executable redemption offer. A deviation can differ across venues and trade sizes, and a missing quote means the provider did not supply a usable value. Inspect market liquidity, the issuer’s redemption arrangements and the source receipt before assigning meaning to an outlier. The provider’s backing classification is shown for context, but the observatory does not independently verify reserves or legal claims.

Primary documentation

Your research workspace

Save selected inputs and research notes explicitly in this browser. Compare assumptions and restore a saved setup without submitting a trade. JavaScript enables the controls.

Find a tool or research page