---
title: "Avalon USDA Widens To 3,098 bps"
canonical: "https://pharos.watch/digest/2026-09-07/"
datePublished: "2026-09-07T08:05:46.000Z"
description: "Avalon's USDA is 3,098 bps below peg, a 2,794 bps widening since the last edition on $145.58M of market cap, with no live price feed. A second issuer's USDA sit"
---

# Avalon USDA Widens To 3,098 bps

## Executive Summary

Avalon's USDA is 3,098 bps below peg, a 2,794 bps widening since the last edition on $145.58M of market cap, with no live price feed. A second issuer's USDA sits 597 bps off at $81.98M. PSI held 91.7.

## Extended

Avalon's USDA is marked 3,098 basis points below peg against $145.58M of market cap, a widening of 2,794 bps since the previous edition. The figure is a stored peak rather than a live quote, because the price feed is unavailable, which is part of why the V9 report card grades the coin F (0) on peg-price-unavailable adverse history. The event is 6,011 hours old.

A second USDA, from an unrelated issuer, moved from 565 to 597 basis points off peg on $81.98M. Between them, $227.6M of market cap trades under the same four letters and two failing V9 grades. The chronic names went the other way: pmUSD narrowed to 4,868 bps from 5,177, and MSUSD to 3,785 bps from 5,017.

PSI held at 91.7, its 76th consecutive day in BEDROCK, with severity at 0.03. Its top severity contributors are LUSD at 97 bps and VNXAU at 395 bps, so 19 active depegs concentrated below $150M of market cap contribute little to the score. apxUSD, unresolved since the June 2 STRC drawdown took it to roughly $0.89, sits 326 bps below par at $312.90M.

USDC took in $728.22M over seven days and gave back $84.68M in the last one, on a $74.66B base; total stablecoin supply stands at $319.63B, 0.03% below the Digest-window high set yesterday. A single session of $110M or more in USDC would turn this week's build from drift into rotation.