Learn
Everything Pharos knows about how stablecoins hold — and lose — their peg, written to be read. Start with the mechanism explainers, study the failures that defined the market, or look up a term.
Mechanisms
Six plain-English explainers covering every stablecoin design Pharos tracks — what produces the peg, and where each one tends to break.
6 archetypes
Case Studies
Long-form retrospectives of the depegs and failures that reshaped the market — Terra, USDC/SVB, DAI, and more — sourced from Pharos data.
10 studies
Glossary
The Pharos vocabulary, alphabetized and version-pinned: PSI, DEWS, PegScore, LiquidityScore, FreezeWatch, and the bands each one refers to.
16 terms
Related references