Executive Summary
USX prints $0.391 on day twenty-four, 5,783 bps under peg with $20.81M stranded. PSI still reads 93.7 BEDROCK. APXUSD at 3,159 bps on $305.90M is where tomorrow's story lives.
USX marked 573 hours off peg at $0.391, a 5,783 bps hole on $20.81M of stranded mcap, and the depeg tag reads worsening. What began as a small-cap curiosity has settled into a shape that no longer surprises the tape: dForce holders staring at coins worth roughly the price of a subway ticket. Safety score F, peg score 28, liquidity 24.
The rest of the board carries the same tension in less dramatic form. PMUSD sits 5,568 bps under on $67.96M, APXUSD holds 3,159 bps on $305.90M, and PSI still prints 93.7 BEDROCK on its twenty-second consecutive day. Twelve active depegs against a bedrock index is the asymmetry defining this week. USDT added $1.09B to supply while Tron blacklists chewed through $132.46M in the last 24 hours.
Deterministic trigger: if APXUSD widens to 3,650 bps, the peg-stress signal upgrades from persistent to accelerating. The USDT 7.73% and USDS 6.99% yield warnings held the board without new corroboration, meaning the yield tape repeats yesterday's line. APXUSD's next print will do what USX's fourth week could not, force PSI to acknowledge the twelve broken pegs sitting under its floor.