Angle ProtocolMicro-cap

Angle Protocol receives a B- risk grade (28/100) from Hindenrank, where lower scores indicate lower risk. Lower risk — 3+ years of clean operation with standard mechanisms, but thin EUR liquidity and MiCA challenges limit growth potential A Euro-denominated stablecoin protocol backed by diversified collateral including crypto assets and real-world assets. It holds $6M in deposits with 3+ years of clean operation. Its B+ grade reflects standard, well-tested mechanisms and a long track record, offset by thin EUR liquidity and regulatory challenges from MiCA non-compliance.

The key risks identified for Angle Protocol are: (1) Euro stablecoins have much less trading liquidity than dollar stablecoins. During market crashes, there may not be enough buyers to maintain the peg. (2) The protocol has faced regulatory issues with EU's MiCA framework, causing some exchanges to delist or restrict the token. (3) Part of the collateral backing is in real-world assets, which introduces traditional finance risks like custodian failure and regulatory seizure.

Angle Protocol scores 28/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 8/20, Oracle Surface: 2/10, Documentation Gaps: 3/10, Track Record: 0/15, Scale Exposure: 3/10, Regulatory Risk: 6/10, Vitality Risk: 6/10. The highest risk area is Regulatory Risk at 6/10.

Among 29 rated Stablecoin protocols on Hindenrank, Angle Protocol ranks #1 by safety (lowest risk score = safest). Its 28/100 risk score and B- grade place it among the safer Stablecoin protocols.

Angle Protocol scores 0/15 on the Track Record risk dimension, indicating no significant exploits or security incidents in its history. However, past performance does not guarantee future security.