Depeg event

River Stablecoin depeg below peg — February 18, 2026

Detected under v1.1

satUSD moved below peg at 10:02 UTC on February 18, 2026, with a peak deviation of 5.73% at $0.9427. The observation closed 8.0 hr later at 18:01 UTC with a recorded recovery price of $0.9946.

The checked-in price path starts at $0.9427 against a recorded peg reference of $1.00. Pharos captured the incident through a historical backfill and evaluates it under v1.1. The record reports the observed price path and resolution state without inferring a cause from those measurements.

Event summary

Direction: below peg
Peak deviation: 5.73%
Started: February 18, 2026
Ended: February 18, 2026
Duration: 8.0 hr
Peg reference: $1.00
Start price: $0.9427
Peak price: $0.9427
Recovery price: $0.9946

Related incidents

Other recent peggedUSD depegs

Other cdp incidents

Stablecoin

River Stablecoin (satUSD) →

satUSD is River's omni-CDP stablecoin overcollateralized by BTC, ETH, BNB, and LSTs; collateral stays source-chain and satUSD is minted via LayerZero OFT.

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Methodology pin: v1.1 changelog