---
title: "USX Stays Broken At 5,783 BPS"
canonical: "https://pharos.watch/digest/2026-07-03/"
datePublished: "2026-07-03T08:07:14.000Z"
description: "Twelve days under peg on $20.81M mcap, safety score F. Ten other depegs share the board while USDT quietly shed $2.08B and USDS prints a 10.06% APY that begs co"
---

# USX Stays Broken At 5,783 BPS

## Executive Summary

Twelve days under peg on $20.81M mcap, safety score F. Ten other depegs share the board while USDT quietly shed $2.08B and USDS prints a 10.06% APY that begs corroboration.

## Extended

USX from dForce holds 5,783 bps below peg on $20.81M of market cap, twelve days into a break that no market maker seems inclined to close. The safety score reads F at 32/100, with peg at 39 and liquidity at 14. This is not a coin awaiting rescue; it is a coin awaiting a footnote in a post-mortem.

The depeg board rhymes. pmUSD sits 5,568 bps under on $65.72M, sixty-two days deep and unchanged in urgency. apxUSD carries the heaviest exposure at $313.43M on 3,159 bps, down from yesterday's 3,650 but still $99M of holder pain. Eleven active depegs, one KAG resolution, and the Bank Run Gauge whipsawed from +9.8 to -23.8 CAUTIOUS in twenty-four hours.

Above the wreckage, PSI reads 91.6 BEDROCK on a ten-day streak, and USDS advertises 10.06% APY against a 30-day average of 7.2%, a spread that flags either fresh incentives or fresh data trouble. USDT quietly shed $2.08B this week to $184.02B, its largest weekly contraction since the $8.46B print from 2022.

Next trigger: apxUSD widening back to 3,650 bps upgrades peg stress from chronic to worsening; PSI at 89 or lower flips the frame from regime to active deterioration.