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Depeg event
Detected under v1.0
USDM moved below peg at 22:02 UTC on January 27, 2026, with a peak deviation of 5.39% at $0.9461. The observation closed 3.7 days later at 16:00 UTC with a recorded recovery price of $1.02.
The checked-in price path starts at $0.9817 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
Related incidents
Other recent peggedUSD depegs
Other fiat-cash incidents
Stablecoin
Moneta (USDM) →USDM is a Cardano dollar token issued independently by Moneta and NBX, with separate reserve books and issuer-attributed redemption obligations.
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