Executive Summary
USDe's APY rose to 4.88% by 25 October, under the 4.91% 30-day average recorded on 20 October, as its market cap slid to $4.58B. USDT led weekly supply declines on all six captures; XAUT broke 186 bps and resolved in 7 hours.
USDe's yield warning led the week's risk table at severity 4711.4, with opportunity-evidence-missing flagged on all six captures from 20 to 25 October. Its APY held between 4.77% and 4.79% through 23 October, then printed 4.83% and 4.88%, still under the 4.91% 30-day average recorded on 20 October. USDe market cap fell from $4.69B to $4.58B across the week; nothing here assigns a cause. PSI ended at 92.1, 0.5 below its start, while its weekly midpoint rose 0.5 to 92.2, all within BEDROCK.
USDT ranked first by weekly supply change on each capture from 20 to 25 October, with readings between -$936.74M and -$1.21B; the windows overlap, so they cannot be summed. Every displayed top blacklist event was USDT, led by $4.24M and $3.80M on Tron on 22 and 21 October. USDT supply readings alone do not show whether the decline reflects redemptions, treasury moves or something else.
Issuance ran the other way on RLUSD, PYUSD and USDG, each at mint intensity 100, netting $48.71M, $48.08M and $27.22M. USDC reversed to +$92.28M on 23 October.
Aggregate market cap is unavailable on incomplete supply coverage, so no comparison with the prior week's $321.24B is possible. The Bank Run Gauge ranged from -30 on 20 October to 24.9, its midpoint rising to -7.3 from -12.5; no weight-share evidence ties that move to any coin. The 25 October Safety Map counted $337.7B of known mapped supply across 395 coins, 77.7% in 14 A-tier coins; no grade movers were recorded, with transition observations incomplete.
XAUT posted the week's highest depeg impact score, 604, breaking 186 bps on 23 October and resolving within 7 hours on a $3.25B market cap. Its APY printed 0.3% and 0.49% on 20 and 21 October, under the 1.56% 30-day average recorded on 21 October. XAUm sat 1660 bps above peg on 23 October on $68.14M. USDA at 3098 bps and pmUSD at 4010 bps were active critical carried-over depegs on 20 October; pmUSD read 4422 bps on 21 October on a $52.07M market cap, down from $63.98M.
Daily triggers resolved 5 hit and 13 missed, a 27.8% hit share. USDf's APY fell to 3.68% on 25 October against a 4.27% seven-day average. Next week will decide whether USDe's APY clears the 4.91% 30-day average recorded on 20 October, and whether USDT's weekly decline stays above $900M after this week's smallest reading of $936.74M.