---
title: "USDe Net Burns Reach $47.34M"
canonical: "https://pharos.watch/digest/2026-10-28/"
datePublished: "2026-10-28T08:05:22.000Z"
description: "USDe net burned $47.34M over 24 hours at a -100 pressure reading, and DEWS now holds seven coins at ALERT against three yesterday, on $229.30M of supply. Next t"
---

# USDe Net Burns Reach $47.34M

## Executive Summary

USDe net burned $47.34M over 24 hours at a -100 pressure reading, and DEWS now holds seven coins at ALERT against three yesterday, on $229.30M of supply. Next trigger: a PYUSD session of $25M or more.

## Extended

USDe net burned $47.34M in the 24 closed hours to 06:00 UTC on 28 October, a pressure intensity of -100 against its own 30-day baseline. EURC posted the same -100 on $11.82M of burns and AUSD +100 on $3.01M of mints, so USDe carried the largest net flow of the three. The count measures tokens retired and does not establish redemptions; the collector confirming this pressure against supply is degraded.

DEWS places seven coins at ALERT against three yesterday, after 41 band changes in 24 hours, with WATCH down to 100 from 104. The seven hold $229.30M of supply. MOVEUSD scores 42 on $113.57M, led by liquidity erosion. Metronome's msUSD, which fell to about $0.44 on 2 September on oracle-latency underbacking, scores 39 and trades at $0.881, 1,191 bps below peg.

pmUSD, also at ALERT, trades at $0.650, 3,497 bps below peg, against 3,503 in the previous edition. Avalon's USDA carries a stored 3,098 bps deviation on $145.56M, without a live price or any movement. The Bank Run Gauge printed 8.5, NEUTRAL, against -4.6 on 27 October, valued on partial data.

USDT's supply is $1.52B lower over seven days at $181.17B, the largest seven-day decrease on the tracked list as of 28 October and 5% below its 26 April record of $189.76B. The prior-week baseline collector is degraded. PYUSD retired $17.09M in the latest day, leaving a seven-day net of +$105.73M. One PYUSD session of $25M or more would move that reversal from drift into rotation.