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PharosMarch 12, 2026Editor: TokenBrice

Daily Digest #16

Two New Alerts, Zero Panic

Executive Summary

SUSD and USDA both jumped to ALERT on cross-source divergence while PSI holds 91.9 BEDROCK. Four ALERT signals under a calm index is a contradiction with an expiration date.

PSI reads 91.9, BEDROCK for a fourth straight day, last dipping below this level on March 11. That composure looks increasingly theatrical given what's stirring underneath: SUSD and USDA both escalated from WATCH to ALERT in the last 24 hours, both flagged for cross-source divergence, pushing the ALERT count from 2 to 4. USDA at $270.84M is the one worth watching; SUSD at $41.73M less so.

PYUSD printed $56.75M in net mints yesterday, a pressure score of 100 against its 30-day baseline. RLUSD added another $32.99M. Both are accelerating into a market that added $4.04B in seven days, yet USDC, USDS, and DAI all reversed to net negative yesterday after absorbing the bulk of that weekly gain. USDC sits $10M lighter on the day despite being functionally at its all-time high of $78.85B.

Four ALERT-band coins under a BEDROCK index is the kind of contradiction that resolves itself eventually. The question is which layer blinks first.

The data behind this digest

Daily digest composed from the day's tracked events and DEWS history; scores reflect data available at publication.

Methodology v8.0

How to cite this page

Pharos, "Two New Alerts, Zero Panic (March 12, 2026)," https://pharos.watch/digest/2026-03-12/, accessed 2026-03-12

https://pharos.watch/digest/2026-03-12/