---
title: "EURC Burns $6.59M Net"
canonical: "https://pharos.watch/digest/2026-10-05/"
datePublished: "2026-10-05T08:05:37.000Z"
description: "EURC net burns hit $6.59M in 24h, a -100 pressure reading, as the Bank Run Gauge fell from 4.1 to -14.5. reUSD minted $3.64M the other way."
---

# EURC Burns $6.59M Net

## Executive Summary

EURC net burns hit $6.59M in 24h, a -100 pressure reading, as the Bank Run Gauge fell from 4.1 to -14.5. reUSD minted $3.64M the other way.

## Extended

EURC recorded a net burn of $6.59M in the 24 hours to 08:05 UTC, scoring -100 on pressure intensity against its 30-day baseline. Across the tracked set, the Bank Run Gauge fell from 4.1 to -14.5, back into CAUTIOUS, while the flight-to-quality flag stayed off. The burn counts tokens retired on-chain; the evidence does not attribute it to holder withdrawals.

Flows ran the other way at two smaller issuers. reUSD minted a net $3.64M at an intensity of 100, and syrupUSDT added $633.69K at 97. The gauge reading sits above the -27.6 printed on 28 September and short of the -25 level the previous edition flagged. USDC remains the largest weekly mover at -$1.22B, now $74.03B, yet total supply of $323.27B is 0.01% below its Digest-window high.

On the depeg board, pmUSD trades at $0.462, 5379 bps below peg on a $43.41M market cap, and USDA's stored 3098 bps reading on $145.56M is unchanged with no live price available. PSI stands at 93, its 90th straight day in BEDROCK. The next trigger sits with PYUSD, which shed $11.34M yesterday after adding $170.62M over the week: a single-day move of $15M or more would turn that reversal into a rotation.