April 10, 2025
Synthetix USD (sUSD)
Synthetix’s sUSD stablecoin sees continued depeg to $0.86
Lowest observed price: ~$0.83
Source: Blockworks
As of today, there are at least 25 notable stablecoin failures (or long-running depegs) in crypto history, including newer failures added in 2023 and 2025 for this page.
Note: Temporary depegs that recover quickly (for example, centralized stablecoins that repeg within days) are excluded.
April 10, 2025
Synthetix’s sUSD stablecoin sees continued depeg to $0.86
Lowest observed price: ~$0.83
Source: Blockworks
October 11, 2023
USDR, a real-estate linked stablecoin, lost its peg after redemption pressure drained liquid reserves,
Lowest observed price: ~$0.50
Source: CoinDesk
August 14, 2022
A bug on the iBTC/aUSD liquidity pool minted 1.2 billion unbacked aUSD,
Lowest observed price: ~$0.01
Source: Cointelegraph
May 16, 2022
DEI fell below $0.60 and hit lows near $0.52
Lowest observed price: ~$0.52
Source: Cointelegraph
May 9, 2022
UST lost its peg and Terra’s reflexive LUNA mechanism collapsed,
Lowest observed price: <$0.01
Source: CoinDesk
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
April 17, 2022
Credit-based stablecoin protocol Beanstalk Farms lost all of its $182 million collateral
Lowest observed price: ~$0.06
Source: Cointelegraph
June 24, 2022
After CoinFLEX halted withdrawals, flexUSD collapsed and never regained durable parity.
Lowest observed price: ~$0.23
Source: CoinDesk
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
June 16, 2021
TITAN collapsed to near zero and IRON lost its peg
Lowest observed price: ~$0.69
Source: CoinDesk
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
BitUSD lost its USD peg and did not recover,
Lowest observed price: ~$0.60
Source: The Block
Lowest observed price: (historical depeg listed; exact low not stated on source page)
Source: ChainSec archive list
Basis ... is shutting down and returning all of its remaining funds to investors
Lowest observed price: effectively failed project / peg design discontinued
Source: CoinDesk
NuBits suffered major peg breaks and serves as one of the earliest examples of algorithmic stablecoin failure.
Lowest observed price: <$0.01
Source: Reserve Research