Executive Summary
pmUSD trades at $0.584, 4,158 bps below peg, from 4,422 in the previous edition, as the Bank Run Gauge reached 24.9, its highest in seven days on file. Next trigger: a $100M USDC day.
pmUSD traded at $0.584, 4,158 bps below peg, against 4,422 bps in the previous edition and a 6,902 bps peak. On the dashboard's market-impact ranking, the $54.88M token sits second of 19 active depegs, behind Avalon's USDA, still carried at a stored 3,098 bps peak on $145.56M with no live price and no change. A cap for depegs of 25% or more holds pmUSD's safety score at F (39).
The Bank Run Gauge rose to 24.9, HEALTHY, from -14.1, the highest print in the seven-day trajectory on file, though its valuation runs on partial data and flight-to-quality is inactive. Two tokens moved against that reading: EURC net burned $7.36M and AUSD $6.41M, each at -100 against its 30-day baseline, and DEWS moved AUSD to WATCH on mint/burn flow. The burns count tokens retired and do not establish withdrawals.
DEWS lists 12 coins at ALERT or worse, against 10 yesterday, after 56 band changes in 24 hours, yet those bands carry $86.69M of supply against $311M in the previous edition. Metronome's msUSD, which fell to about $0.44 on 2 September on oracle-latency underbacking, widened to 1,306 bps below peg at $0.869 from 1,138 and holds ALERT at 38.
USDT's seven-day decline holds at $1.21B, leaving $182.67B outstanding, 4% below its 26 April record. USDC moved the other way in the latest day, adding $79.50M against a $51.54M weekly decline. Next trigger: one USDC session of $100M or more, which would give that reversal the scale of a rotation.