Executive Summary
SUSD has held 7504 bps below peg for 5481 hours; PSI still calls the tape BEDROCK because severity weighting stopped counting it. USDA at 3098 bps, up from 498 bps yesterday, is the more telling move.
SUSD prints 7504 bps below peg, a quarter-dollar quotation on $17.44M of float that has held this orbit for 5481 hours. Synthetix's legacy stablecoin no longer trades as a peg; it trades as a relic. The deviation is wide enough to embarrass any oracle still pulling the feed, the cap small enough that PSI's severity weighting has rounded the loss to zero.
That is the irony today: PSI reads 91 BEDROCK while twelve active depegs occupy the board. pmUSD sits 5568 bps under on $72.06M, apxUSD lost 1804 bps in 110 hours, and USDA widened from 498 bps yesterday to 3098 bps now, a sixfold move on a $271M cap. The dashboard's headline number and its footnote disagree about what kind of week this is.
USDA is the live wire. If it reaches 3575 bps at tomorrow's snapshot, this stops reading as a chronic depeg list and starts reading as active deterioration; PSI slipping under 89 would confirm. SUSD's quarter-dollar quotation will still be there, of course, having outlasted every other forward-look it ever appeared in.