---
title: "USDT Down $1.80B, RLUSD Up"
canonical: "https://pharos.watch/digest/2026-10-29/"
datePublished: "2026-10-29T08:05:27.000Z"
description: "USDT's seven-day supply decline deepened to $1.80B from $1.52B while RLUSD added $240.79M. PYUSD net burned $41.71M in 24 hours, and DEWS counts 12 coins at ALE"
---

# USDT Down $1.80B, RLUSD Up

## Executive Summary

USDT's seven-day supply decline deepened to $1.80B from $1.52B while RLUSD added $240.79M. PYUSD net burned $41.71M in 24 hours, and DEWS counts 12 coins at ALERT or worse.

## Extended

USDT's supply is $1.80B lower over seven days at $180.81B, a deeper weekly decline than the $1.52B in the previous edition, and 5% below its 26 April record of $189.76B. RLUSD moved the other way, adding $240.79M on the week, though its latest day slowed to $8.87M. Across a baseline of 242 of 270 core coins, market cap fell $3.41B in seven days.

USDT on Tron also carried the five largest recorded amounts among 138 blacklist events in the rolling 24 hours, topped by $7.81M, within at least $26.54M affected. PYUSD net burned $41.71M in the 24 closed hours to 06:00 UTC, an intensity of -100 against its 30-day baseline; the collector that would confirm that pressure against supply is degraded.

DEWS lists 11 coins at ALERT and one at WARNING, against nine and one yesterday, holding $192.97M of supply after 35 band changes. apxUSD moved to WATCH on cross-source divergence: its 315-hour depeg, peaking at 297 bps, is recorded as resolved, yet a new one opened five hours ago and it trades at $0.990, 97 bps below peg. Avalon's USDA sits at a stored 3,098 bps, unchanged.

PSI reads 91.5 from 91.7, a 20th BEDROCK day. Its largest severity contributor, pmUSD, widened to 3,534 bps below peg at $0.647 from 3,497; Metronome's msUSD, which fell to about $0.44 on 2 September on oracle-latency underbacking, reached 1,233 bps from 1,191. XAUT's supply fell $32.51M in a day; a one-day move of $45M in either direction would give the week a second rotation beside USDT and RLUSD.