---
title: "USDe Logs $51.65M Of Net Mints"
canonical: "https://pharos.watch/digest/2026-11-02/"
datePublished: "2026-11-02T08:05:26.000Z"
description: "USDe net minted $51.65M in 24 closed hours, a pressure score of 100 relative to its 30-day baseline. Separately, the Bank Run Gauge fell to -18.3; a reading of "
---

# USDe Logs $51.65M Of Net Mints

## Executive Summary

USDe net minted $51.65M in 24 closed hours, a pressure score of 100 relative to its 30-day baseline. Separately, the Bank Run Gauge fell to -18.3; a reading of -25 or lower would make flow stress the next lead.

## Extended

USDe net minted $51.65M in the 24 closed hours to 06:00 UTC, a pressure score of 100 relative to its 30-day baseline. That is the largest net flow among today's top pressure shifts. The same feed recorded $47.34M of USDe net burns on 28 October. The supply velocity series, on a different window, shows a $4.75M daily gain after a $68.04M weekly decline. Neither count identifies who minted.

The Bank Run Gauge fell to -18.3, CAUTIOUS, from -6.0. It is valued on partial data, and flight-to-quality is inactive. By chain, Arbitrum logged -$48.76M of net flow and Ethereum +$39.76M. DEWS moved one coin to WARNING from none and raised ALERT to 10 from eight after 39 band changes; the 11 coins hold $141.38M of supply. DLLR rose from WATCH to ALERT at a score of 37 on cross-source divergence.

USDC reversed direction, shedding $130.08M in a day after adding $210.68M over seven. USDS did the opposite, gaining $14.91M against a $403.05M weekly decline. USDT's velocity series records a $19.46M daily fall within $2.58B on the week, and its market cap stands at $179.27B, $10.49B short of its 26 April peak.

PSI rose to 86.5 from 84.3 for a fourth STEADY day. Falcon's USDf, its largest severity contributor, trades at $0.992, 81 bps below peg on $1.67B, 52 hours into the event. Avalon's USDA, with no live price, holds a stored 3,098 bps discount on $145.56M, unchanged. A Bank Run Gauge reading of -25 or lower, 6.7 points beneath today's, would move flow stress to the front.