HCN Stablecoin Risk

Stablecoin Risk Index from Happy Coin News

Data updated: June 24, 2026, 17:05 PM (UTC) i

Average market risk

83.5/ 100

Moderate

Stablecoins in the index

Active

Data update

4 hours

Every

Current stablecoin rankings

Steyblecoin	Risk-score	Change (7d)	Stability (40%)	On-chain (35%)	Integrity (25%)	The status of
T USDT Tether	96.5	0.0▲	100.0	90.0	100.0	Low risk
$ USDC USD Coin	96.5	0.0▲	100.0	90.0	100.0	Low risk
D DAI Dai	87.0	0.0▲	100.0	70.0	90.0	Moderate
E USDE Ethena USDe	82.0	0.0▲	100.0	70.0	70.0	Moderate
F FDUSD First Digital USD	74.3	-2.0▼	95.0	50.0	75.0	Elevated
F FRAX Frax	64.7	+ 3.7▲	90.0	50.0	62.0	Elevated

Stability (40%) measures how consistently a stablecoin maintains its peg to $1.00. The smaller the price deviation from the dollar, the higher the indicator. Market price source: CoinGecko.

On-chain (35%) takes into account on-chain resilience: TVL, liquidity, circulation scale, and available DeFiLlama metrics. Larger and more liquid coins receive a higher score.

Integrity (25%) reflects the quality of reserves, issuer transparency, public reporting and audit.

The final risk score is calculated using the formula: Stability × 40% + On-chain × 35% + Integrity × 25%. The higher the score, the lower the risk according to the HCN methodology.

Risk dynamics: USDT

Current risk-score

96.5 /100

Change (30d)

0.0 ▲

0255075100

Low risk

What is the HCN Stablecoin Risk Index?

The HCN Stablecoin Risk Index is a comprehensive measure of stablecoin risk based on three key components:

✓

Stability (40%)

USD peg stability based on price deviation from $1.00 (data from CoinGecko)

∞

On-chain (35%)

On-chain Metrics: TVL, Liquidity, Volume Flows, and More (DeFiLlama)

◇

Integrity (25%)

Reserve reliability, issuer transparency and audit (data from open sources)

This is not financial advice. The information is provided "as is" and without warranty. Please conduct your own research before making any investment decisions.

Stablecoin Risk Index from Happy Coin News — is a tool that helps objectively assess the reliability of different stablecoins and understand which ones pose increased risks for holders. It is needed to:

Assess sustainability: The index shows how well a specific stablecoin can maintain its peg to the dollar under stressful conditions.
Compare projects: allows you to understand which stablecoins are more reliable and which have vulnerabilities in reserves, mechanics, or governance.
Identify hidden threats: helps identify risks that are not obvious to the average user—asset concentration, regulatory threats, and opaque reporting.
Make informed decisions: The index serves as a benchmark for traders, investors, and Web3 companies to minimize losses when dealing with stablecoins.
Monitor the dynamics: Allows you to see how the risk profile of stablecoins changes over time, in response to news, reports, and market events.