Are all stablecoins equally likely to lose their peg?

No. Stablecoins differ in how they're backed, from cash and cash-equivalent reserves to crypto collateral to algorithmic mechanisms with no direct backing, and in how transparent and audited their reserves are. This checklist scores factors associated with past depeg events rather than evaluating any one stablecoin directly.

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How exposed am I if a stablecoin I hold or trade against loses its peg?

Q: How exposed am I if a stablecoin I hold or trade against loses its peg?

Check the statements that describe your stablecoin holdings and habits. Each checked statement is a red flag rather than a good sign, and the checklist totals your score into a Low, Moderate, or High exposure read.

You don't need a better indicator. You need a process you'll actually follow at 9:31am.

Jason Parker, Founder of Trading Habits

Check What Describes Your Setup

Each statement checked is a red flag, not a good habit. More checks mean more exposure.

More than half of my stablecoin holdings sit in a single stablecoin.
I don't know what assets currently back the stablecoin I hold the most of.
I hold a stablecoin mainly for a yield or rewards program, not for its stability track record.
I have never checked whether the stablecoin I use publishes a regularly audited reserve report.
I don't have a plan for what I'd do in the first hour if a stablecoin I hold started trading noticeably off its $1 peg.
I use an algorithmic or non-collateralized stablecoin rather than one backed by cash or cash-equivalent reserves.
I treat stablecoin balances as risk-free cash rather than as a crypto asset with its own counterparty risk.
All of the funds I'm holding to buy a future dip sit in a single stablecoin, on a single exchange.

Your Result

Check the statements that describe your setup and click Score My Exposure to see your read.

How this is calculated

Stablecoins are designed to hold a steady value against a reference asset, usually the US dollar, but that peg is maintained by reserves, collateral, or an algorithm, not guaranteed by any government.
Concentration in a single stablecoin, an unaudited or opaque reserve, and an algorithmic design have all been present in past depeg events. This checklist scores exposure to those specific factors.
This tool checks your setup, not any specific stablecoin by name. Apply it to whichever stablecoin makes up the largest share of your holdings.
A low score does not guarantee a peg holds. It means fewer of the common risk factors are present in your current setup.

Risk & liability disclaimer: This tool scores the statements you check and does not evaluate any specific stablecoin's actual reserves, audits, or solvency. It is not financial advice and does not predict whether any stablecoin will maintain its peg. Trading involves risk of loss. Trading Habits is not a broker-dealer, registered investment adviser, or tax professional, and is not affiliated with any exchange, issuer, or data provider.

How exposed am I if a stablecoin I hold or trade against loses its peg?

Check What Describes Your Setup

Your Result

How this is calculated

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