---
title: "USDT Sheds $824M In A Week"
canonical: "https://pharos.watch/digest/2026-10-16/"
datePublished: "2026-10-16T08:06:03.000Z"
description: "USDT supply fell $824.16M in seven days, under half a percent of its float, while USDA (alpha partner) widened to 264 bps from 89. Next trigger: a $45M one-day "
---

# USDT Sheds $824M In A Week

## Executive Summary

USDT supply fell $824.16M in seven days, under half a percent of its float, while USDA (alpha partner) widened to 264 bps from 89. Next trigger: a $45M one-day move in PYUSD.

## Extended

Tether's USDT supply fell $824.16M over seven days to $183.46B. That was the largest weekly move among tracked stablecoins and less than half a percent of its outstanding tokens. It sits 3% below its April 26 record of $189.76B; the figure counts tokens outstanding and does not show who redeemed. The blacklist tape logged 35 events affecting $16.34M, the largest of them USDT blacklistings on Tron of $3.16M and $3.05M.

Total stablecoin market cap fell $1.31B on the week to $321.48B, 0.29% under the Digest-window high set two days ago. USDe net burned $39.44M in 24 hours for a pressure reading of -100, matched by AUSD and fxUSD on $3.79M and $1.84M. Aggregate net flow across tracked coins ran -$162.80M on Ethereum and -$59.95M on Arbitrum. The Bank Run Gauge read -16.6, CAUTIOUS, on partial valuation data.

USDA (alpha partner) widened to 264 bps below peg from 89 on $85.59M, the only depeg the change log marks as worse; pmUSD narrowed to 3,240 bps from 3,374. USDA (Avalon) is still carried at a stored 3,098 bps on $145.56M with no live price. DEWS counts six coins in ALERT, up from five, with AUDm and cgUSD entering on price confidence; USDai scores highest at 45 on $265.68M.

PYUSD shed $33.65M of supply in a day against $49.43M on the week, and a $45M session would turn that drift into rotation. A USDT seven-day decline beyond $910M would give the supply story follow-through. apxUSD, 20 hours into a depeg at 72 bps below peg on $321.84M, becomes a firmer peg-stress signal at 100 bps.