Depeg event
EURm Depeg, August 12, 2026: 159.8% Above Peg (Disputed)
DisputedDetected under v6.21 · confirmed via temporal:15m
EURm moved above peg at 06:16 UTC on August 12, 2026, with a peak deviation of 159.8% (Disputed) at €2.60. Recovered after 7.2 days at 11:32 UTC at €1.00.
The checked-in price path starts at €2.60 against a recorded peg reference of $1.00. Pharos captured the incident through live monitoring and evaluates it under v6.21. Confirmation evidence is recorded as “temporal:15m”. The source row also retains the quality flag “confirmation-window+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
- above peg
- Peak deviation
- 159.8%
- Started
- August 12, 2026
- Recovered
- August 19, 2026
- Outcome
- Recovered
- Duration
- 7.2 days
- Peg reference
- $1.00
- Start price
- €2.60
- Peak price
- €2.60
- Recovery price
- €1.00
Related incidents
Other recent Euro depegs
Other Shared Reserve incidents
Stablecoin
Mento Euro (EURm) →EURm is Mento's oracle-priced euro stablecoin on Celo, mint and redeem through the Mento reserve backed by a diversified crypto and stablecoin basket.
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