Pharos
@PharosWatch
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Stablecoin Lighthouse: Honest classification, peg tracker & depeg notifier, safety ratings, portofolio review, depeg early warning system & more. By @TokenBrice
Joined February 2026
30 days of Pharos. What started as a side project has grown into a lighthouse for the stablecoin industry. One month in, and the mission is clearer than ever: give every builder, researcher, and analyst the tools to see what the market is not showing them. To everyone who has
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We have upgraded the Blacklist Tracker on Pharos. Blacklist risk is one of the most underrated dimensions of stablecoin security. Most users never think about it until an asset gets frozen. These updates make it easier to see that risk clearly before it becomes a problem. Here
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Non USD stable share: one of the most bullish charts in the stablecoin space, with gold carrying
Non-USD stablecoins represents just 2.6% of the total stablecoin market today. While that number is small, it is effectively growing. From 0.95% to 2.26% in twelve months, and a 30x expansion in unique holders over three years. Non-USD stablecoins are definitely worth paying
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Non-USD stablecoins represents just 2.6% of the total stablecoin market today. While that number is small, it is effectively growing. From 0.95% to 2.26% in twelve months, and a 30x expansion in unique holders over three years. Non-USD stablecoins are definitely worth paying
The next wave of stablecoin yield will not come from USD stablecoins. I recently took some time to go through the @Dune and @Visa stablecoin report after seeing @AlsieLC talk about it nearly every other day. I finally gave in and read the full thing. What I found was harder to
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Regarding recent press coverage
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@Ripple Track every stablecoin's safety assessment live on Pharos. https://t.co/eGVgWPj3lY
pharos.watch
Pharos tracks stablecoins across major chains with depeg alerts, liquidity scores, on-chain safety signals, dependency risk scoring, and report-card style risk summaries.
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Aave V4 launched with four major stablecoins. All four score a B on Pharos, but they get there very differently. - @Ripple's RLUSD: B (71/100)Strong peg at 97 and the cleanest dependency score of the four — 95/100, an A. Ripple's infrastructure gives it a resilience score of 78.
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The total stablecoin market cap is $315.5B. That is larger than the entire GDP of major countries like Portugal ($280B), New Zealand ($250B), Qatar ($220B), and Nigeria ($188B). Stablecoins are no longer a crypto primitive. They are a monetary system operating at the scale of
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Everyone checks the yield. Almost nobody checks the collateral. A stablecoin offering 15% APY means nothing if the assets backing it cannot hold the peg under pressure. When a depeg happens, the yield you earned does not come close to covering the capital you lose. Our depeg
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This is exactly the problem Pharos was built to solve. Most risk assessments in DeFi look at price and pegs. Pharos looks at structure: collateral composition, custody risk, blacklist exposure, liquidity depth, redemption paths, and early depeg warning signals that most
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Did you know? 80.7% of all stablecoin volume runs through just two assets: Tether and USDC. Most Web3 users do not know that hundreds of other stablecoins exist. Even fewer know that stablecoins are not limited to the US dollar. There are CHF-pegged, EUR-pegged, and even
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DUSD now live on Pharos. Transparent data, honest risk scoring and collateral context on chain. Exactly the kind of infrastructure DUSD should be building alongside. Thanks to the Pharos team for the coverage.
Our team has been busy. Here's what's new on Pharos (Mar 17–24): - Broader coverage: DUSD, USSD, USBD added, live reserves expanded to 114 coins - Stronger pipelines: Fewer data gaps across pricing, DEX liquidity, yield, and more - Pre-launch asset pages: Detail views,
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You can track ZCHF's complete breakdown here: https://t.co/7HVdpPPNnq
pharos.watch
Frankencoin (ZCHF) analytics for this decentralized stablecoin collateralized by crypto assets and pegged to Swiss Franc. Peg score, liquidity, supply trends,…
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Stablecoin Spotlight of the Week: ZCHF Most people assume all stablecoins are dollar-pegged. They are not. There is an entire category of non-USD stablecoins quietly building on-chain infrastructure that most of the market is sleeping on. Pharos tracks all stablecoins, including
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Stablecoin research still has a real blind spot. Most people can tell you whether a peg is holding. Far fewer can tell you what is actually holding it up, how fragile the exit really is, or where the risk sits once the surface starts to crack. That gap matters more now because
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Blacklisted funds have reached an all-time high with blacklists in Q1 2026 reaching $658.9m Source: Pharos Watch
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Our team has been busy. Here's what's new on Pharos (Mar 17–24): - Broader coverage: DUSD, USSD, USBD added, live reserves expanded to 114 coins - Stronger pipelines: Fewer data gaps across pricing, DEX liquidity, yield, and more - Pre-launch asset pages: Detail views,
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Amazing deep dive research by @lordjorx using tools from our system model. 🤝
The invisible dominoes of DeFi contagion. DeFi is a machine that never stops, but it has a massive problem with contagion. We just saw this with @ResolvLabs. Many people lost money just for holding positions in @Morpho vaults. Why? Because it integrated USR or RLP. RLP was
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Most people analyze stablecoins backward. Real risk sits upstream: dependency, thin liquidity, censorship, broken redemptions. Price is obvious. Structure isn’t. That’s why @PharosWatch matters. Full article in first reply.
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