Executive Summary
XAUT's 21-hour depeg, which peaked at 160 bps on $3.13B, is classified as recovered. PSI reads 84.3, its lowest in 108 days of Digest tracking. Next trigger: a one-day DAI supply move of $15M.
XAUT's depeg closed after 21 hours and is classified as recovered, having peaked at 160 bps on a $3.13B market cap. The previous edition had it 73 bps under peg with a PSI impact of 232.3, the largest in that sample. Today it is absent from the listed severity contributors. Its supply fell $104.75M over seven days but only $1.40M over the last day.
PSI reads 84.3, STEADY, the lowest in 108 days of Digest tracking and above the 83 level set as yesterday's deterioration trigger. Of the three severity contributors in the 07:57 UTC sample, USDf carries the highest impact, 146.5, trading at $0.991, 88 bps below peg, on $1.66B. Avalon's USDA keeps a stored 3,098 bps deviation on $145.56M, with no live price and no material change.
The Bank Run Gauge swung to -6.0, NEUTRAL, from 26.8. It is valued on partial data, and flight-to-quality is inactive. DEWS holds 12 coins at ALERT and one at WARNING, the same counts as yesterday, on $290.36M of supply after 62 band changes. Alpha Partner's USDA, a separate token from Avalon's, widened to 694 bps below peg at $0.930 from 487 in the previous edition, on $81.41M.
USDT's supply is $2.80B lower over seven days at $179.70B, 5% below its 26 April record of $189.76B, while the velocity series puts the last day's decline at $12.76M. DAI moved the other way, adding $11.04M on the day and $20.51M on the week. Should DAI's daily change reach $15M, about $4M above the latest print, its build would read as rotation rather than drift.