---
title: "pmUSD Narrows To 3,379 Bps"
canonical: "https://pharos.watch/digest/2026-10-14/"
datePublished: "2026-10-14T08:06:00.000Z"
description: "pmUSD sits 3,379 bps below peg at $0.662, 164 bps tighter on the day, while the DEWS ALERT count fell to 4 from 10. A $165M USDC session would turn its daily re"
---

# pmUSD Narrows To 3,379 Bps

## Executive Summary

pmUSD sits 3,379 bps below peg at $0.662, 164 bps tighter on the day, while the DEWS ALERT count fell to 4 from 10. A $165M USDC session would turn its daily reversal into rotation.

## Extended

pmUSD traded at $0.662 in the latest sample, 3,379 bps below peg and 164 bps tighter than yesterday's reading. Among depegs with a live price, it is the largest by market impact. The $62.02M token has recovered roughly half the distance from its 6,902 bps peak. Its Safety Score stays F (20), with exit at 35 and a missing same-notional redemption route among the cited reasons.

USDC supply rose $128.72M in a day against a $653.92M decline over seven days on the supply-velocity series. Its market cap is $1.19B lower on the week at $73.10B, 8% below its April high. These figures count tokens outstanding and do not identify whose capital moved. USD1 and FDUSD net burned $16.27M and $5.79M, yet the Bank Run Gauge reads 0.0, neutral, up from -24.9.

DEWS stress eased across the board: the ALERT count fell to 4 from 10, and the single WARNING cleared. Avalon's USDA, still in ALERT at a score of 39, is carried at its stored 3,098 bps deviation on $145.56M, with no live price and no material change. A separate USDA token with $86.29M of supply widened to 102 bps from 64. PSI read 91.6 on the 07:56 UTC sample, a fifth BEDROCK day.

Yesterday's calls split. USDe's +$30.82M session cleared its $20M line, while the $2B USDC weekly threshold and the Gauge's -30 level both went unmet. A USDC move of $165M or more in one session would take the reversal from drift to rotation; USDS, down $45.71M in a day, faces a $60M equivalent.