Executive Summary
USDe APY peaked at 5.09% on Oct 30 with opportunity evidence missing. USDG, USD1 and XAUT carry negative-trend flags. PSI fell from 92.5 to 86.5 and the Bank Run Gauge closed the week at its -18.3 low.
USDe heads the Weekly Risk Leaderboard with a yield warning on a $4.58B market cap. Its APY rose from 4.99% on Oct 27 to a 5.09% peak on Oct 30, then eased to 5.06% by Nov 2; all seven readings carried the opportunity-evidence-missing flag, so the source of that return is unverified. USDe supply moved both ways, with a $47.34M net burn on Oct 28 and $51.65M of net mints in the Nov 2 edition. PSI fell from 92.5 to 86.5, touching 84.3 [STEADY] on Nov 1, with BEDROCK dominant and the midpoint down 3.1 points to 89.0.
The Bank Run Gauge midpoint rose to 3.3 from -7.3 the prior week, but the gauge closed Nov 2 at -18.3, the bottom of a weekly range that reached 26.8. The 158 depeg observations reduce to 32 unique signals, and both critical leaders were carried over: USDA sat 3098 bps below peg on $145.56M, and pmUSD widened from 4653 bps on Oct 31 to 4659 bps on Nov 2 as its market cap fell to $47.63M.
Three other yield warnings carried a negative-trend flag while USDe printed above 5% from Oct 28. USDG printed 4.22% against a 7-day average of 6.96%, and USD1 printed 0.53% against 1.29% on both averages. XAUT's 0.48% sat above its 7-day average of 0.34% but below its 30-day 1.28%, with a TVL outflow flag and a 160 bps depeg on Nov 1 that resolved in 21 hours. USDf appeared in three signal sets: a 3.93% yield under both averages, liquidity score shifts of -11 on Oct 27 and +10 on Oct 30, and a 103 bps discount, active Oct 31, on a $1.66B market cap.
USDT was the largest weekly mover in every edition from Oct 28, its decline widening from $1.52B to $3.00B, after USDC led on Oct 27 at -$1.09B. No evidence establishes either cause, and with gauge weights unavailable neither coin can be tied to the -18.3 close. Blacklists numbered 314 with at least $414.13M known and 175 unpriced; two USDT blacklistings on Tron on Oct 30 accounted for $378.72M of that subtotal.
Daily triggers resolved 7 hits and 12 misses, a 37% hit share, with 2 outcomes unavailable. Next week will decide whether USDe prints below 5.00% or clears its opportunity-evidence-missing flag, and the Nov 2 edition's flow-stress trigger is a gauge print at or below -25.