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Depeg event
Detected under v1.0
USN moved above peg at 13:00 UTC on February 14, 2026, with a peak deviation of 5.67% at $1.06. The observation closed 6.0 hr later at 19:00 UTC with a recorded recovery price of $0.9991.
The checked-in price path starts at $1.06 against a recorded peg reference of $1.00. 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
Related incidents
Other recent peggedUSD depegs
Other rwa-credit-fund incidents
Stablecoin
Noon USN (USN) →USN is Noon's base dollar, minted 1:1 from USDC/USDT or short-term T-bills while yield accrues through separate sUSN.
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