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Depeg event

MAI depeg below peg — July 27, 2026

Detected under v6.098 · confirmed via temporal:15m+dex:cg_onchain+dex:direct_api

Event summary

Direction: below peg
Peak deviation: 19.2%
Started: July 27, 2026
Ended: Ongoing
Duration: —
Peg reference: $0.9999
Start price: $0.9637
Peak price: $0.8082

Related incidents

Other recent peggedUSD depegs

2026-07-21avUSDpeak 5.35% above peg
2026-07-16USDXpeak 34.0% below peg
2026-07-06USDApeak 5.03% below peg

Other cdp incidents

2026-06-24REUSDpeak 44.5% below peg
2026-06-24MAIpeak 19.2% below peg

Stablecoin

MAI is QiDao's overcollateralized stablecoin minted against crypto vault collateral across 15 chains and has traded persistently below its $1 target.

← MAI 2026-06-24

Methodology pin: v6.098 changelog