Dependency Map
See hidden systemic risk: the live graph of who backs whom.
Dependency Lens
The most important stablecoin risk is often one step upstream: collateral, wrappers, bridges, custodians, and shared issuance frameworks can create common-mode exposure.
Start with the graph, then open Safety Scores for the grade impact and Coverage Matrix for per-coin data availability.
Large nodes are not automatically safer. They are larger sources or receivers of exposure, so their failure can matter more across the rest of the stablecoin network.
Frequently Asked Questions
What does the Dependency Map show?
The Dependency Map shows stablecoins that depend on other stablecoins, collateral assets, wrappers, or shared infrastructure. It is designed to reveal correlated risk that is easy to miss when each asset is reviewed in isolation.
Why can dependency risk matter even when a coin holds its peg?
A stablecoin can look calm until an upstream collateral asset, bridge, issuer, or shared contract fails. Dependency mapping helps identify where a shock can travel before it appears as a direct price depeg.
How should I combine this with Safety Scores?
Use the map to trace exposure paths, then use Safety Scores and the contagion simulator to see how those paths affect grades. The map explains the relationship; Safety Scores quantify the likely impact.