Executive Summary
USDT supply is $2.33B lower over seven days at $176.21B, against $2.80B two editions ago, while USDe added $396.97M and USDS shed $1.09B. Blacklist activity reached $50.79M, led by a $20.00M USDT destroy on Tron.
USDT's supply is $2.33B lower over seven days at $176.21B, the largest seven-day decrease on Pharos's tracked list as of 10 November. Two editions ago the weekly figure was $2.80B, and it remains short of yesterday's $3B mark. The decline equals about half the $4.65B seven-day fall measured across the 235 of 261 core coins with a baseline. The series does not say why tokens were retired.
Elsewhere, supply moved in both directions. USDS is $1.09B lower on the week but shed only $32.56M in the latest day, while USDe added $396.97M over seven days and $10.66M in one. Three coins turned against their weekly direction. PYUSD fell $28.57M on the day while remaining $55.83M higher net over seven, RLUSD fell $14.03M against a $123.00M weekly gain, and USDG added $5.12M against a $79.56M weekly decline.
Blacklist activity ran to 24 events and $50.79M over the rolling 24 hours. All five listed entries are USDT, led by a $20.00M destroy on Tron. PSI holds at 92.2, a third BEDROCK day, after a 9 November jump from 87.7 to 91.5. pmUSD's live $0.613 puts it 3,866 bps under par on $54.71M, little changed. PYUSD needs a $40M day, about $11.4M more than this one, before its turn counts as rotation.