Executive Summary
PYUSD added $15.83M of supply in a day against a -$3.84M week, with $48.08M of net mint/burn flow on the separate feed. pmUSD widened to 4,422 bps at $0.558.
PYUSD supply rose $15.83M in a day, while its seven-day series still reads -$3.84M. The on-chain mint/burn feed points the same way: $48.08M of net flow in the 24 closed hours to 05:00 UTC, an intensity score of 100 measured against the token's own 30-day baseline. The two pipelines use different windows, so the figures need not match. Neither identifies who minted.
U posted the same score of 100 on $9.99M of net flow. DAI added $27.49M in a day, all but $1.61M of its weekly gain. The Bank Run Gauge improved to -14.1 from -30.0 and reads CAUTIOUS on partial valuation data. Flight-to-quality classification is unavailable, so the tape cannot say whether this issuance came out of other stablecoins. USDT is $1.21B lower over seven days at $182.74B.
pmUSD widened to 4,422 bps below peg from 4,010, a price of $0.558 on $52.07M of supply. It is the largest contributor to PSI severity and sits in DEWS ALERT on cross-source divergence. Avalon's USDA is still carried at a stored 3,098 bps, with no live price and no change. apxUSD holds 110 bps below peg at $0.989 on $306.19M.
PSI reads 92.9 on a 12th consecutive BEDROCK day. DEWS lists 10 coins at ALERT or worse, carrying $311M of supply. Next trigger: if PYUSD's seven-day change moves from -$3.84M into positive territory, the reversal carries onto the weekly series. A PSI print at 90 or lower would shift the story from regime to active deterioration.