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Glassnode

Chart description
The Peg Stability Module (PSM) balance indicates the amount of stablecoins (USDC, GUSD and PAX) held in the peg stability module, a component of the MakerDAO protocol designed to help maintain the DAI stablecoin's peg to the US dollar by facilitating arbitrage opportunities. A higher PSM balance implies better support for the DAI peg and a lower likelihood of deviations from its intended value.
Latest value: $673,499,293.58 (as of 05 Mar 2026)