Stablecoin Cemetery
Defunct, depegged, and discontinued. Newest graves surface first, and the biggest collapses stand tallest. Press F on hover to pay respects.
The Cemetery
Newest graves surface first. Year bands preserve the archive without breaking the field into separate buckets.
2026
4 graves
R.I.P.
EURAMar 2026DeFi's first Euro, last out
R.I.P.
USDAMar 2026Late arrival, early exit
R.I.P.
CNHTFeb 2026Low demand, long goodbye
R.I.P.
PUSDJan 2026$2.8B promised. $81K left
2025
20 graves
R.I.P.
USPDDec 2025Proxy had one too many hands
R.I.P.
DEUSDNov 202597% gone overnight
R.I.P.
xUSDNov 2025$93M loss broke three coins
R.I.P.
YUNov 2025Survived once. Not twice
R.I.P.
USDXNov 2025Founder drained the pool
R.I.P.
LVLUSDOct 2025Team acqui-hired away
R.I.P.
USDLOct 2025Consolidated into USDG
R.I.P.
csUSDLOct 2025Coinshift shifted away
R.I.P.
PINTOOct 2025Same algorithm, same end
R.I.P.
USDJAug 2025Replaced by decree
R.I.P.
U
USDLJun 2025PulseChain sankR.I.P.
DYADJun 2025Kerosene burned out
R.I.P.
MODJun 2025USDC came to Aptos
R.I.P.
ZUSDJun 2025Zero users, zero supply
R.I.P.
GRAIJun 2025Free wasn't enough
R.I.P.
HYUSDJun 2025Higher yields beckoned
R.I.P.
USDMMay 2025Team took the exit
R.I.P.
EUROeMay 2025Membrane dissolved
R.I.P.
L-BOLDFeb 2025Immutable. Unfixable
R.I.P.
USD+Jan 2025Quietly wound down
2024
19 graves
R.I.P.
USDVDec 2024Verified, then voided
R.I.P.
DAI+Dec 2024Overnight went dark
R.I.P.
EURTNov 2024MiCA made it untenable
R.I.P.
mkUSDNov 2024Exploited. Never recovered
R.I.P.
ULTRANov 2024Fell with Prisma
R.I.P.
BOBOct 2024Too private to notice
R.I.P.
PARSep 2024Mimo went quiet
R.I.P.
UXDAug 2024Delta-neutral theory
R.I.P.
sEURJul 2024Deprecated for V3
R.I.P.
UNOJul 2024Last place
R.I.P.
eUSDJun 2024Yield compressed to zero
R.I.P.
NOTEJun 2024Canto's ghost town
R.I.P.
peUSDJun 2024Omnichain to no-chain
R.I.P.
STARJun 2024Faded without a word
R.I.P.
PUSDJun 2024NFT floor pulled out
R.I.P.
USHJun 2024Couldn't hedge this
R.I.P.
CASHJun 2024Empire of dead links
R.I.P.
BEANMay 2024Second planting failed too
R.I.P.
RAIFeb 2024Too pure for this world
2023
18 graves
R.I.P.
YUSDDec 2023Yielded to reality
R.I.P.
IBEURDec 2023Iron Bank froze solid
R.I.P.
RNov 2023Adrift
R.I.P.
USDROct 2023Real estate illiquid
R.I.P.
VSTSep 2023Cultural differences
R.I.P.
TORJul 2023Multichain took it down
R.I.P.
USDC.mJul 2023CEO arrested. Bridge burned
R.I.P.
PAIJul 2023$85M in. A dime back
R.I.P.
aUSDJul 2023One exploit. 1.28B minted
R.I.P.
FIATJul 2023SEC killed the parent
R.I.P.
USDPJun 2023Paxos stole the ticker
R.I.P.
U
USDKJun 2023Prime Trust was neitherR.I.P.
USDIJun 2023Too niche to survive
R.I.P.
MUSDApr 2023mStable unstable
R.I.P.
RSVMar 2023Reserved for history
R.I.P.
BUSDFeb 2023Killed by decree
R.I.P.
USPFeb 2023Flash loan, lights out
R.I.P.
USDsFeb 20239.7B minted from thin air
2022
14 graves
R.I.P.
HUSDOct 2022Trusted the wrong custodian
R.I.P.
USNOct 2022Double-minted. $40M short
R.I.P.
USDSSep 2022Lost its flavor
R.I.P.
FEIAug 2022Built different. Died the same
R.I.P.
VOLTAug 2022Inflation-proof wasn't
R.I.P.
FLEXUSDJun 2022CoinFLEX went rigid
R.I.P.
USDXJun 2022Kava moved on
R.I.P.
FUSDJun 2022Chained to a falling chain
R.I.P.
USTMay 2022Too big to fail. Too flawed to live
R.I.P.
KRTMay 2022Swept away with Terra
R.I.P.
DEIMay 2022Collateral damage
R.I.P.
USDNApr 2022Waves crashed
R.I.P.BEANApr 2022Beanstalk got cut down
R.I.P.
CASHMar 2022Infinite mint, instant death
2021
5 graves
R.I.P.
VAISep 2021Venus couldn't save it
R.I.P.
IRONJun 2021Crypto's first bank run
R.I.P.
ESDJan 2021The coupon experiment
R.I.P.
DSDJan 2021Forked ESD. Same fate
R.I.P.
BACJan 2021The theory was elegant
2018
1 graves
R.I.P.
USNBTMar 2018The first to try
Algorithmic Failure
Counterparty Failure
Liquidity Drain
Regulatory
Abandoned
Order follows the archive toggle. Tombstone size reflects peak market cap.Autopsy Reports
Obituaries follow the same order as the cemetery above so the memorial and archive stay in sync.
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Frequently Asked Questions
What causes stablecoins to fail?
Stablecoins fail for several recurring reasons: algorithmic designs that rely on reflexive token mechanics (like TerraUSD), custodial failures where the issuer loses or mismanages reserves, liquidity drains where redemptions outpace available collateral, regulatory shutdowns that freeze operations, and simple abandonment when the team stops maintaining the peg. Most failures share a common pattern: loss of market confidence triggers a bank-run dynamic that the stabilization mechanism cannot absorb.