Executive Summary
7503 bps off peg, 5457 hours old, $16.82M stranded; PSI prints 91.2 BEDROCK because the index weights size, not stamina.
SUSD widened from 7037 to 7503 basis points off peg overnight, a fresh depth on $16.82M of stranded mcap and 5,457 hours of seniority. The move earns its place not for size but for direction: every other underwater name has either recovered or rotted into a rounding error. SUSD keeps doing both at once.
The bigger holders sit elsewhere. pmUSD slid from 2164 to 5568 bps on $73M, apxUSD widened to 1804 bps on $347M, and USDA holds 3098 bps on $271M. Thirteen active depegs, five resolved in 24h, and PSI still prints 91.2 BEDROCK because severity contributors top out at EURS at 76. The index is built for systemic stress, not boutique decay.
DEWS counts seven ALERT names; USDA's cross-source divergence reads 95 and USDX's reads 100, which means the price feeds disagree before the holders do. Next trigger: USDA reaching 3575 bps off peg, which would tip the lead away from SUSD's slow drowning toward a $271M name the index actually weights. PSI below 89 would do the same job from the other direction.