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Depeg event
Detected under v2.1
USND moved above peg at 14:02 UTC on February 23, 2026, with a peak deviation of 5.98% at $1.06. The observation closed 3.0 hr later at 17:05 UTC with a recorded recovery price of $0.9997.
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 v2.1. 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 cdp incidents
Stablecoin
Nerite USND (USND) →USND was Nerite's Liquity-v2 fork CDP dollar on Arbitrum; supply collapsed after the rsETH hack impaired an approved collateral branch.
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