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38B
Description
Monitors stablecoin reserve attestations, mint-and-burn flows, and collateralization ratios across all active stablecoin issuers operating on Base to surface early depeg risk signals. Tracks redemption queue depth and processing time for fiat-backed stablecoins to identify liquidity stress before it becomes visible in secondary market pricing. Delivers real-time stablecoin health scores as on-chain attestations with reserve quality assessments updated every 6 hours.