Pharos
@PharosWatch
Pharos Sees Everything: honest classification, peg tracker. safety ratings, portofolio review, depeg warning system & more. By @TokenBrice & @Ikebillion_
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USDe Net Burns Reach $47.34M (#245#)
$USDE net burned $47.34M over 24 hours at a -100 pressure reading, and DEWS now holds seven coins at ALERT against three yesterday, on $229.30M of supply. Next trigger: a PYUSD session of $25M or more.
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USDC Supply Slides To $71.13B (#244#)
$USDC is $1.09B lighter over seven days and 11% below its April record. DEWS ALERT+ rose to nine coins. A Bank Run Gauge print of -10, from -4.6, would move the next lead from supply to flows.
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Stablecoins can depeg without warning!
🎙️@TokenBrice, founder of @PharosWatch with @JeffMarsilio and @0xdenniswon on the signals that fire before a peg breaks.
USDe Ends At 4.88%, USDT Supply Falls
$USDE's APY rose to 4.88% by 25 October, under the 4.91% 30-day average recorded on 20 October, as its market cap slid to $4.58B. USDT led weekly supply declines on all six captures; XAUT broke 186 bps and resolved…
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USDT, USDC Contraction Slows (#243#)
USDC accounted for $12.28M of the $19.00M that $USDT and USDC shed in a day, against $1.83B on the week, while Ethereum logged +$952.71M of net mint/burn flow.
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USG Burns $36.85M In A Day (#242#)
$USG's -100 reading against its 30-day baseline came as the Bank Run Gauge fell to -15.5 from 24.9 at its last recorded print. A gauge move to -25 or lower would put flow stress at the front.
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XAUT Recovers In Seven Hours (#241#)
$XAUT's 186 bps deviation closed within seven hours on $3.25B; XAUm's 1,660 bps is a stored peak with no live price. PSI fell to 90 from 93.2. Next trigger: a $100M one-day USDC move in either direction.
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pmUSD Narrows 264 Bps (#240#)
$PMUSD trades at $0.584, 4,158 bps below peg, from 4,422 in the previous edition, as the Bank Run Gauge reached 24.9, its highest in seven days on file. Next trigger: a $100M USDC day.
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BREAKING: DUSD by @StandX_Official has lost 50% of its market cap in the last 7 days, with supply falling to $23.2M.
Since $200M in October 2025, DUSD’s market cap is now down 88.4%.
PYUSD Supply Turns Higher (#239#)
$PYUSD added $15.83M of supply in a day against a -$3.84M week, with $48.08M of net mint/burn flow on the separate feed. pmUSD widened to 4,422 bps at $0.558.
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USDT's Weekly Drop Passes $1B (#238#)
$USDT's seven-day decline hit $1.02B, past the $910M follow-through mark, as the Bank Run Gauge fell to -30 from -11 and DEWS ALERT+ names rose to eight from three. A -40 gauge reading would make flow stress the lead.
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🎙️X Space Announcement
Pharos x Dwellir: How Enterprise RPC Infrastructure Powers Real-Time Stablecoin Risk Research.
We are breaking down the @DwellirOfficial sponsorship integration with Pharos Watch and what it means for how we collect, verify, and interpret stablecoin data at scale.
Joining us: @TokenBrice, Founder of Pharos, and @eliasfaltin, Head of Product at Dwellir.
Today, Oct 19
2:00pm CEST
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🎙️X Space Announcement
Pharos x Dwellir: How Enterprise RPC Infrastructure Powers Real-Time Stablecoin Risk Research.
We are breaking down the @DwellirOfficial sponsorship integration with Pharos Watch and what it means for how we collect, verify, and interpret stablecoin data at scale.
Joining us: @TokenBrice, Founder of Pharos, and @eliasfaltin, Head of Product at Dwellir.
Today, Oct 19
2:00pm CEST
Set your reminder.
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apxUSD Closes A 159-Hour Depeg (#228#)
$APXUSD is back at peg after a 372 bps trough on $309.70M of supply, and its Safety Score is still F (31). USDC's $1.17B weekly contraction exceeds the whole market's $418M decline.
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The Safety Score v10 has been rolled out!
It brings an unprecedented level of thoroughness, particularly to highly common attack vectors: minting authority and bridge permissions
Calibration, refinement and further refinements will still be ongoing for a few more days
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USDT Yield Leads, USDC Round-Trips A Billion
$USDT's yield warning hit 4.81% APY on four of seven sessions with TVL leaving $183.29B. USDC redeemed over $1B twice yet ended down only $76.01M. Blacklists fell to 129 events from 656. PSI held BEDROCK.
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Treasuries Shed Supply, Then Grade (#209#)
$BUIDL is down $421.81M in seven days to $2.31B, 37% below its July peak, while USTB slid from B (71) to C (58) on $526.73M. Total stablecoin supply barely moved at $318.94B.
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Top five yields tracked on Pharos this week by PYS.
1. USDC @circle 4.99%
2. ZCHF @frankencoinzchf 3.50%
3. yBOLD @yearnfi 7.69%
4. EURC by Circle 2.34%
5. gtUSDC @gauntlet_xyz 4.22%
*Pharos Yield Safety (PYS) calculates risk magnitude against safety, consistency, APY, and risk tolerance to establish rankings.
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USDC's Week Undone In A Day (#208#)
A $1.09B single-day outflow against a seven-day net of -$76.01M: the prior six sessions had added roughly $1B. Total cap held at $318.76B. Another $1B day turns drift into rotation.
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Top five yields tracked on Pharos this week by PYS.
1. USDC @circle 4.99%
2. ZCHF @frankencoinzchf 3.50%
3. yBOLD @yearnfi 7.69%
4. EURC by Circle 2.34%
5. gtUSDC @gauntlet_xyz 4.22%
*Pharos Yield Safety (PYS) calculates risk magnitude against safety, consistency, APY, and risk tolerance to establish rankings.
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