Executive Summary
pmUSD trades at $0.581, 4,191 bps below peg, from 3,534 bps in the previous edition and wider than any reading in seven editions. USDT supply rose $315.46M; a $395M day would make it rotation.
pmUSD trades at $0.581, 4,191 bps below peg, against 3,534 bps in the previous edition: a 657 bps widening on $53.84M of market cap. That discount is wider than any pmUSD reading quoted across the last seven editions, which ranged from 3,497 to 4,158 bps, though it remains short of the event's 6,902 bps peak. The coin's safety score stands at F (8).
Among the three PSI severity contributors listed today, pmUSD's impact of 56.5 is more than double the next. The index reads 91.3 against 91.5 yesterday, its lowest since 23 October, with BEDROCK extended to 21 days. Avalon's USDA is still carried at a stored 3,098 bps peak on $145.56M, with no live price and no change since the last edition.
USDT's supply moved against its weekly trend. The velocity series shows +$315.46M in a day against a $2.39B seven-day decline; the market-cap series puts the week at -$2.21B, leaving $180.24B, 5% below the 26 April record. Separately, 89 blacklist events affected at least $379.58M in 24 hours, $312.73M of it in a single USDT blacklist event on Tron.
USDS shed $196.27M in a day, more than half its $366.72M weekly decline, and USDG $75.56M of an $82.98M week, while PYUSD added $83.74M. Stress readings eased: the Bank Run Gauge printed 23.2, HEALTHY, from -6.9 on partial valuation data, and DEWS counts six coins at ALERT or worse against 12. A USDT day of $395M or more, $80M above today's print, would turn the reversal into rotation.