Stablecoin depeg >2% on shared-LP venue
Superstate's assessment for RD-F-104 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
USDC is the primary redemption currency for both USTB and USCC. Protocol exposure to USDC is material. No active USDC depeg (>2% on ≥2 venues, sustained ≥30 min) observed as of 2026-05-16. USCC crypto carry fund has additional crypto-linked exposure, but no crypto stablecoin depeg event detected. T-09 v1 launch signal (tier B).
Sources #
- DocsSuperstate documentation — USDC dependencySuperstate docs — USDC used for subscriptions and redemptions for both USTB and USCCretrieved 2026-05-16
- 0xMacro superstate-1 audit — USDC dependency0xMacro superstate-1 (2024-06-18/pub 2024-07-01) — USDC maintained at 1:1 with USD assumption noted as M-1; onchain-redemptions scope confirms USDC dependencyretrieved 2026-05-16
Methodology #
Detect whether a stablecoin in this protocol's dependency graph depegs >2% on a venue with shared liquidity.
See the full factor methodology and distribution across all protocols →
rubric_version v1.7.0 protocol superstate factor RD-F-104 score green collected_at 2026-05-16 00:06:37