Executive Summary
USG's -100 reading against its 30-day baseline came as the Bank Run Gauge fell to -15.5 from 24.9 at its last recorded print. A gauge move to -25 or lower would put flow stress at the front.
A net $36.85M of USG was burned in the 24 closed hours to 06:00 UTC, putting its mint/burn pressure at -100 against the token's 30-day baseline. Among the three top pressure shifts in that window, it is the largest by net dollar amount and the only one pointing down. The reading counts tokens retired faster than usual; it does not identify who redeemed or show any change in backing.
U and PAXG moved the other way, each at +100 on net mints of $6.99M and $6.44M. The aggregate Bank Run Gauge reads -15.5, CAUTIOUS, on partial valuation data, against 24.9 at its last recorded daily print on 22 October; the 23 October reading is missing. The 20 October print of -30 is the low of the trajectory on file, and flight-to-quality classification is unavailable today.
Token supply elsewhere drifted lower. USDT is $1.03B down over seven days at $182.44B, 4% below its 26 April record. USDC lost $31.11M in the latest day, a slower rate than its $825.25M weekly decline. Avalon's USDA is still carried at a stored 3,098 bps with no live price and no change. A gauge print at -25 or lower would make flow stress the next lead candidate.