---
title: "USDC's Week Lands In One Day"
canonical: "https://pharos.watch/digest/2026-09-04/"
datePublished: "2026-09-04T08:05:26.000Z"
description: "USDC added $775.15M in a session, more than its $562.28M seven-day net, which puts the prior six days at roughly $213M negative. Supply $74.46B, 7% under April'"
---

# USDC's Week Lands In One Day

## Executive Summary

USDC added $775.15M in a session, more than its $562.28M seven-day net, which puts the prior six days at roughly $213M negative. Supply $74.46B, 7% under April's peak.

## Extended

USDC added $775.15M in a single session, more than the $562.28M it added across the whole week. The arithmetic leaves the preceding six days at roughly $213M net negative, so the week's growth arrived in one sitting. Supply stands at $74.46B, 7% below the $79.75B high set on 11 April. Ethereum took $560.06M of net on-chain flow.

PYUSD ran the same way, up $102.55M on the day against $245.77M for the week, while USDS shed $45.05M. Total stablecoin supply is $319.43B, fractionally above the $319.03B Digest-window high set six days ago. PSI rose to 92.6 from 92.3, a 73rd consecutive BEDROCK day, with severity at 0.03 and breadth at 6.59.

USDA holds 3098 bps below peg on $145.58M with no live price available. pmUSD widened to 5166 bps at $0.483 and MSUSD to 5238 bps at $0.476, while apxUSD narrowed to 283 bps at $0.971, still unresolved since the 2 June STRC drawdown. DEWS counts nine ALERT coins against six yesterday, with the WATCH band up to 113 from 90. A second USDC session at or above $970M would make this rotation; below that, it stays one large mint.