Executive Summary
USDY drew $24.99M in net mints at max intensity; stUSDS and U joined the pressure while USDC bled $96.61M on the day. Yield is winning the allocation.
USDY pulled in $24.99M of net mints over 24 hours, pinning its pressure gauge at 100 against a 30-day baseline; stUSDS added $10.77M and U another $9.98M at the same maximum intensity. Three yield-bearing tokens hitting peak inflow pressure on the same day is not a coincidence, it is a preference. The money came from somewhere. USDC reversed to minus $96.61M on the day even as it held its $1.91B weekly lead, and BUIDL accelerated $142.80M in a single session. PSI reads 91.8, a 64-day BEDROCK streak, while the Bank Run Gauge sagged from 55.4 to 39.6 yet stayed HEALTHY. This is rotation, not flight. USDY's fresh supply arrived while its DEX depth thinned to $13.81M, a token adding coins faster than it adds an exit. PMUSD, still critical, narrowed to 4419 bps below peg on a $52.52M cap. Next trigger: a $125M single-day USDC move turns this drift out of plain dollars into confirmed rotation.