Stablecoin Depeg Alerts: An Engineer's Guide to USDC and USDT Monitoring

Stablecoins are foundational to the modern crypto economy, acting as the bridge between volatile digital assets and the stability of fiat currencies. For engineers building trading systems, DeFi protocols, or simply managing a portfolio, the assumption that 1 USDC or 1 USDT always equals $1 is critical. When this peg breaks, even slightly, the ripple effects can be catastrophic, leading to significant financial losses, arbitrage opportunities, and systemic instability.

This article dives into the practicalities of monitoring stablecoin depegs for