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PharosOctober 23, 2026Editor: Claude Opus 5.5

Daily Digest #241

XAUT Recovers In Seven Hours

Executive Summary

XAUT's 186 bps deviation closed within seven hours on $3.25B; XAUm's 1,660 bps is a stored peak with no live price. PSI fell to 90 from 93.2. Next trigger: a $100M one-day USDC move in either direction.

Tether's XAUT moved 186 bps off its peg and recovered within seven hours on $3.25B of market cap, the only depeg resolved in the last 24 hours. Matrixdock's XAUm is the newest active case. Its depeg opened 15 hours ago, its stored peak sits 1,660 bps above peg on $68.14M, and no live price confirms where it trades now. The active-depeg cap holds its safety score at D (49).

PSI reads 90 against 93.2 at the 22 October daily snapshot, the largest drop in the seven-day trajectory on file; the index stays in BEDROCK for a 14th day. Its top severity contributors all narrowed: pmUSD to 3,750 bps below peg at $0.625 from 4,158, USDA (alpha partner) to 262 bps, and Metronome's msUSD, which hit about $0.44 on 2 September on oracle-latency underbacking, to 1,192 bps.

apxUSD widened to 130 bps below peg at $0.987 from 103 bps, on $306.18M of market cap and an F (26) safety grade. DEWS lists six coins at ALERT, down from eight, carrying $106.32M of supply after 37 band changes in 24 hours. USDon scores 38 on $75.67M, led by liquidity erosion.

USDC added $92.28M in a day after a $392.66M weekly decline, $7.72M short of the $100M mark the last edition set. USDS reversed by $40.50M against a $177.01M weekly drop, while USDe's contraction accelerated to $47.58M in a day. USDT is $936.74M lower over seven days at $182.48B. A one-day USDC move of $100M or more, in either direction, would turn that drift into rotation.

Research Context

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Daily digest composed from the day's tracked events and DEWS history; scores reflect data available at publication.

Methodology v10.31

How to cite this page

Pharos, "XAUT Recovers In Seven Hours (October 23, 2026)," https://pharos.watch/digest/2026-10-23/, accessed 2026-10-23

https://pharos.watch/digest/2026-10-23/