Stablecoin Price Change Analysis
This dashboard provides an analysis of price changes for USDT, USDC, and DAI – three major stablecoins pegged to the United States Dollar (USD) as of dashboard publication. USDT and USDC are fiat-backed stablecoins, meaning that theoretically, each USDT or USDC in circulation is backed by $1 in fiat reserves. DAI is backed by a combination of other collateral, held in vaults that are “overcollateralized” (the collateral in the vaults is worth much more than $1 so that it can be liquidated in the event of significant price drops).