A Status Report on Stablecoins: Where the Peg Actually Holds
The state of the dollar peg across USDT, USDC, DAI and the algorithmic graveyard — what 'stable' means in 2026, and how you'd know if it stopped being true.
Reports archive
Incident analyses & field notes
Long-form reports from the monitor desk — depegs dissected, collateral audited, and the occasional explainer for humans.
What Happened to Terra/UST: Anatomy of a $60 Billion Depeg
The step-by-step mechanics of the May 2022 Terra collapse: how an algorithmic stablecoin's reflexive loop reversed, why the rescue failed, and what it changed forever.
Collateral Types, Explained: Fiat, Crypto, and the Algorithmic Graveyard
The three ways a stablecoin tries to be worth a dollar — fiat reserves, crypto overcollateralization, and algorithmic supply mechanics — with the historical track record of each.
Crypto Payment Gateways: Stablecoin Guide
Cryptocurrency has moved beyond speculation and into everyday commerce. For online retailers, freelancers, SaaS platforms, and B2B suppliers, accepting digital