Disclaimer

PASE scores show illustrative risk capacity only. They are not investment advice, not a recommendation to buy, sell or hold any asset, and not a credit rating. PASE is not a credit rating agency; its output is an illustrative risk assessment (model output) only.

Scores are derived from public data that may be incomplete, stale or wrong. This site is a public beta: scores and methodology may change without notice, and Stress Exit results are still in testing.

PASE Stablecoin Risk Index

The PASE Stablecoin Risk Index is an illustrative risk assessment. It is not a credit rating and not investment advice, and it is not a recommendation to buy, sell or hold any asset.

It is provided for information only. It is not licensed or intended for use as a benchmark in, or for pricing or settling, any financial product, including loans, derivatives, funds or other contracts.

It reflects PASE methodology PSRI v1.0 (Verifiability rubric v0.3.6), which may change; earlier values may be chain-linked or restated when the method changes.

It measures how verifiable stablecoin reserves are. It does not measure price, peg stability, liquidity or default risk, and a high value does not mean a coin is safe. The index uses the Verifiability (V) pillar only. Stress Exit, which is still in testing, and the IM and RS pillars are not included. It is not an investable index. It is published as part of the PASE public beta.

It is based on public data that may be incomplete or delayed, and it includes provisional coin scores.

Sources: issuer attestations and reserve reports, on-chain data and public disclosures behind each V score (see Risk Scores); circulating supply from DefiLlama, CoinGecko and frankfurter.dev, as captured in the PASE daily snapshot.