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Stablecoins are the backbone of the digital asset ecosystem, providing the stability necessary for trading, decentralised finance (DeFi), and cross-border transactions. However, not all stablecoins maintain their peg equally.
The latest Nodiens Market Research Report, on Stablecoin Stability, delivers a detailed analysis of four major stablecoins—USDT, USDC, DAI, and TUSD—unpacking their stability mechanisms and overall resilience under stress.
Key Findings: Which Stablecoins Hold Their Peg?
The report presents a deep dive into the stability of these stablecoins, using Peg Deviation Density and 1-Year Maximum Depeg Days as key metrics.
- USDT and USDC lead the pack, demonstrating the highest stability with tightly clustered price deviations around the peg and minimal depeg events. Their deep liquidity and strong arbitrage mechanisms ensure consistent price parity across both centralised and decentralised exchanges.
- DAI, though relatively stable, experiences more frequent depeg events due to its reliance on crypto-collateral. Market volatility can impact its peg, particularly during downturns.
- TUSD recorded the most depeg events, suggesting weaker market confidence and liquidity constraints that impact its ability to maintain stability.
These findings reinforce that fiat-backed stablecoins (like USDT and USDC) tend to be more stable than crypto-backed or algorithmic models due to their direct redeemability and robust liquidity mechanisms.
Why Does Stablecoin Stability Matter?
Stablecoins serve as the bridge between traditional and digital finance, making their reliability crucial for the broader financial system. As regulators intensify their focus on stablecoin oversight, understanding how different models perform under market stress is more important than ever. The Nodiens report not only highlights current trends but also provides critical insights for investors, traders, and policymakers seeking to navigate the evolving stablecoin landscape.
About Nodiens: Risk Intelligence for the Digital Asset Market
Nodiens is a platform providing advanced risk scoring and analytics for crypto assets. By leveraging real-time data and in-depth research, Nodiens helps investors, institutions, and regulators assess the risks associated with digital assets, ensuring informed decision-making in an increasingly complex market.
Download the Full Report
For a comprehensive analysis of stablecoin stability and the factors driving peg performance, download the full Nodiens report now. Stay ahead of market trends and gain a data-driven perspective on the future of stable digital assets.
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