Executive Summary
MSUSD blew from 6,224 to 8,204 bps in a single session, now $0.184. RUSD adds a fresh 7,001 bps on $74.95M mcap, 12 hours old. PSI at 88.7, lowest since April 7.
MSUSD blew from 6,224 to 8,204 bps in a single session, now trading at $0.184 on $13.83M mcap. The cap is small but the trajectory is the story: the grade collapsed from C- to F across 48 hours, and DEWS holds it at ALERT score 44 on a full 100 price-confidence failure. It now owns the deepest active gap on the board.
Two other names sit beside it. RUSD printed a fresh 7,001 bps gap twelve hours ago, pulling $74.95M of holder exposure into the failed column on the same C-to-F slide. PmUSD remains at 5,568 bps after 1,255 hours underwater, the chronic case the market has stopped pretending will recover. The failure list is broadening across small caps, not deepening on the names already buried.
USDf's liquidity score dropped 52 to 44 on $1.46B mcap, the largest cap touched by any DEX shift today, even as TVL ticked higher. PSI sits at 88.7, its lowest reading since April 7. The Bank Run Gauge sank to -27 CAUTIOUS from -6.9 yesterday. If USDA widens past 3,575 bps or PSI breaks 86 next session, tomorrow's frame stops being TENSION and starts being active deterioration.