Depeg event

MAI depeg below peg — June 13, 2026

Detected under v6.08 · confirmed via defillama-confirm+pool:kyberswap_elastic_avalanche:cg_onchain+pool:kyberswap_elastic_arbitrum:cg_onchain

Event summary

Direction: below peg
Peak deviation: 19.16%
Started: June 13, 2026
Ended: Ongoing
Duration: —
Peg reference: $0.9998
Start price: $0.9895
Peak price: $0.8082

Related incidents

Other recent peggedUSD depegs

2026-06-08MIMpeak 26.57% below peg
2026-06-02apxUSDpeak 10.59% below peg
2026-05-29USDXLpeak 7.37% above peg

Other cdp incidents

2026-05-20USDXLpeak 6.69% above peg

Co-occurring stress events

2026-06-14KAGpeak 7.29% below peg

Stablecoin

MAI (MAI) →

MAI is QiDao's overcollateralized stablecoin minted against crypto vault collateral across 15 chains; currently in a sustained soft depeg below $0.99.

Methodology pin: v6.08 changelog