Published in


How stable are the top stablecoins? A quantitative analysis

Which stablecoin performs the best?

Metric 1: Deviation from $1.00 peg

Deviation = Max(High Price — $1.00, $1.00 — Low Price)

Metric 2: Downside deviation from $1.00 peg

Downside deviation = If Low Price < $1.00, Low Price — $1.00

Metric 3: Volatility of daily price changes

σ( Δp1…. Δp60) x √365

Metric 4: Market correlation in a downturn

And the winner is…

Qualitative factors


Join Coinmonks Telegram Channel and Youtube Channel get daily Crypto News

Also, Read



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Wes Levitt

Wes Levitt


Head of Strategy @ Theta Labs. Writing about finance, crypto, and anything else market-based.