Depeg event
AxCNH Depeg, August 4, 2026: 52.9% Below Peg (Disputed)
DisputedDetected under v6.098 · confirmed via temporal:15m
AxCNH moved below peg at 04:02 UTC on August 4, 2026, with a peak deviation of 52.9% (Disputed) at ¥0.4714. Recovered after 6.0 hr at 10:03 UTC at ¥0.9975.
The checked-in price path starts at ¥0.4717 against a recorded peg reference of $1.00. Pharos captured the incident through live monitoring and evaluates it under v6.098. Confirmation evidence is recorded as “temporal:15m”. The source row also retains the quality flag “confirmation-window+extreme-move+native-origin”. Its recorded close reason is “recovered-native”. The record reports the observed price path and resolution state without inferring a cause from those measurements.
Event summary
- Direction
- below peg
- Peak deviation
- 52.9%
- Started
- August 4, 2026
- Recovered
- August 4, 2026
- Outcome
- Recovered
- Duration
- 6.0 hr
- Peg reference
- $1.00
- Start price
- ¥0.4717
- Peak price
- ¥0.4714
- Recovery price
- ¥0.9975
Related incidents
Other Custodial Cash incidents
Co-occurring stress events
Stablecoin
AxCNH (AxCNH) →AxCNH is AnchorX's centralized offshore-yuan stablecoin, redeemable 1:1 for CNH and backed by CNH cash reserves at regulated financial institutions.
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