Depeg event

Hydrated Dollar depeg below peg — January 29, 2026

Detected under v1.0

HOLLAR moved below peg at 03:01 UTC on January 29, 2026, with a peak deviation of 6.91% at $0.9309. The observation closed 1.3 days later at 09:01 UTC with a recorded recovery price of $0.9951.

The checked-in price path starts at $0.9859 against a recorded peg reference of $1.00. Pharos captured the incident through a historical backfill and evaluates it under v1.0. The record reports the observed price path and resolution state without inferring a cause from those measurements.

Event summary

Direction: below peg
Peak deviation: 6.91%
Started: January 29, 2026
Ended: January 30, 2026
Duration: 1.3 days
Peg reference: $1.00
Start price: $0.9859
Peak price: $0.9309
Recovery price: $0.9951

Related incidents

Other recent peggedUSD depegs

Other cdp incidents

Stablecoin

Hydrated Dollar (HOLLAR) →

HOLLAR is Hydration's overcollateralized dollar stablecoin, minted from DOT, ETH, BTC, and stablecoin collateral on an Aave v3 fork with HSM-anchored peg swaps.

Preferred source

Reading Pharos regularly? Mark it as a preferred source and Google will surface Pharos Watch more often in Top Stories, AI Overviews, and AI Mode.

Add Pharos Watch in Google ↗

Methodology pin: v1.0 changelog