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Pharos

Depeg event

CGO Depeg, February 2, 2026 at 14:00 UTC: 5.01% Below Peg

Detected under v1.0 · medium confidence · audit: confirmed

CGO moved below peg at 14:00 UTC on February 2, 2026, with a peak deviation of 5.01% at $148.59. Recovered after 12.0 hr at 02:00 UTC at $155.00.

The checked-in price path starts at $150.98 against a recorded peg reference of $154.17. Pharos captured the incident through a historical backfill and evaluates it under v1.0. The record reports the observed price path and resolution state without inferring a cause from those measurements.

Event summary

Direction
below peg
Peak deviation
5.01%
Started
February 2, 2026 at 14:00 UTC
Recovered
February 3, 2026 at 02:00 UTC
Outcome
Recovered
Duration
12.0 hr
Peg reference
$154.17
Start price
$150.98
Peak price
$148.59
Recovery price
$155.00

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Stablecoin

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Methodology pin: v1.0 changelog