Executive Summary
USDT's seven-day decline hit $1.02B, past the $910M follow-through mark, as the Bank Run Gauge fell to -30 from -11 and DEWS ALERT+ names rose to eight from three. A -40 gauge reading would make flow stress the lead.
USDT's seven-day supply decline reached $1.02B, leaving $183.01B outstanding. The previous edition carried a $644.02M weekly drop and $183.46B. The move clears the $910M level earlier editions set for follow-through and accounts for about half of the $2.16B weekly fall in the tracked stablecoin subtotal. USDT sits 4% below its 26 April record of $189.76B. The figures count tokens and do not identify who redeemed.
The Bank Run Gauge fell to -30 from -11. That is past the -15 mark yesterday's edition set and the lowest print in the trajectory on file, though its valuation runs on partial data and flight-to-quality stayed inactive. RLUSD and USDG each read 100 on pressure intensity against their 30-day baselines, on net flows of $48.71M and $27.22M. The feed does not sign those flows, so the readings measure pace rather than direction.
DEWS now lists eight coins at ALERT or above, against three yesterday, with three in WARNING where there were none. Those bands hold $235.43M of supply after 31 band changes in 24 hours. MOVEUSD scores 37 on $115.17M, led by pool balance drift, and USDR scores 46 on $100.32M, led by price confidence. VCRED sits in WARNING at 63 on $12.60M.
pmUSD's discount grew 840 bps in a day to 4,010, a price of $0.599, on $63.98M of supply; apxUSD's eased to 129 bps at $0.987. Avalon's USDA is still carried at a stored 3,098 bps, without a live price or any change. Four depegs resolved in 24 hours and 19 remain active. Should the Bank Run Gauge reach -40, flow stress takes over from supply as the lead candidate.