I am building a small public registry called
Stable or Gone.
https://sog.badjoke-lab.com/It is not a token, not an exchange, not a ranking site, not a price prediction site, and not investment advice.
The purpose is not to tell people which stablecoin is “safe” or which one they should buy. The goal is to keep a source-backed historical record of stablecoins: what happened to them, who issued or operated them, what reserve and redemption information was available, what depegs or wind-downs occurred, and which sources support each record.
Most stablecoin lists focus on current price, market cap, trading volume, yield, or supported chains. Those are useful, but Stable or Gone is trying to do something different.
The kind of history I want to preserve includes:
- whether a stablecoin is still being issued
- whether issuance has stopped while redemption continues
- whether it failed, collapsed, wound down, rebranded, or migrated
- whether a depeg was temporary, recovered, partial, or terminal
- which issuer, protocol, reserve manager, custodian, or redemption agent was involved
- where reserve reports, attestations, or transparency pages can be found
- whether issuer redemption is being confused with secondary market liquidity
- which official statements, regulator documents, court materials, audits, attestations, docs, or other sources support the record
- which questions are still unresolved or not yet verified
The dataset is still small. The initial version starts with around 20 stablecoin records, including USDT, USDC, DAI, UST, BUSD, FRAX, TUSD, FDUSD, PYUSD, USDD, GUSD, LUSD, crvUSD, RLUSD, EURC, USDP, USDG, and USDS.
The site separates more than just the stablecoin name itself. It also tries to track:
- stablecoin records
- organization / issuer / protocol relationships
- events
- evidence and source records
- reserve references
- known unknowns
- redemption-related notes
- regulatory and lifecycle context
One important principle is to avoid overclaiming.
For example, a token trading near $1 on the market is not the same thing as the issuer offering direct 1:1 redemption to everyone. A reserve disclosure, a full audit, instant redemption, and secondary market liquidity are also different things. The registry tries to keep those concepts separate.
This is not a finished project. At this stage, I am trying to build a structure that will not break later, using a small number of records to test the classification, source model, and page layout. The plan is to expand the number of records gradually, but not at the cost of duplicate entries, weak sources, or bad classification.
Feedback would be useful, especially on:
- important stablecoins that are missing
- classification mistakes in the existing records
- incorrect issuer, protocol, or organization relationships
- missing depeg, collapse, wind-down, migration, or regulatory events
- better primary sources
- missing reserve reports, attestations, or redemption terms
- confusing page layout or wording
- old Bitcointalk threads or announcements that may be useful as historical sources
I am especially interested in older stablecoins, failed stablecoins, discontinued stablecoins, projects that changed issuer or brand, and official announcements that are still available somewhere.
Again, this is not meant to be an investment tool. It is closer to a quiet archive or historical ledger for stablecoin records.
Corrections, missing records, source suggestions, and classification feedback are welcome.
