Pharos Sees Everything: honest classification, peg tracker. safety ratings, portofolio review, depeg warning system & more. By @TokenBrice & @Ikebillion_

Joined February 2026
Version 9 of our Safety Score is now fully deployed and operational, introducing a new 3-dimensions framework 1. Backing: does this thing have value to begin with? 2. Control: even if the box is full, can something destroy it anyway? 3. Exit: fine, but can I actually leave?
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We are live now. 🚨 Tune in! xitter.cf/i/spaces/1pKkOXwLLVBKj…

🎙️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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🎙️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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USDe APY Falls On Every Print $USDE's APY printed lower on all seven days, from 4.91% to 4.81%, as its market cap slid to $4.68B. PSI stayed in BEDROCK, rising to 92.8, while the Bank Run Gauge midpoint moved to -12.5 from -1.8. See the map.
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FDUSD Burns As Gauge Eases (#237) $FDUSD net burned $9.98M at a -100 pressure reading while the Bank Run Gauge improved to -11 from -14.9. Next trigger: a $35M XAUT supply session after today's +$27.92M. See the map.
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apxUSD Widens To 252 Bps (#236) $APXUSD traded at $0.975, 252 bps below peg on $301.78M of market cap, up from 137 bps a day earlier and 45 bps short of its episode peak. The Bank Run Gauge sits at -14.9.
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23 active stablecoin depegs are currently tracked and monitored live on Pharos. The worst deviation right now is USDX at 3,400 bps, trading at $0.66. Four assets are currently on DEWS Alert. Our Depeg Duration Resolver, which has called 81% of recovery outcomes correctly, predicts only one of those 23 will 'likely' recover.
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USD1 Leads A Split Flow Tape (#235) $USD1 net burned $14.39M at a -100 pressure reading while USDat minted a net $4.45M at +100. The Bank Run Gauge sits at -8; a print of -15 or lower would move flow stress to the front. See the map.
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USDT Sheds $824M In A Week (#234) $USDT supply fell $824.16M in seven days, under half a percent of its float, while USDA (alpha partner) widened to 264 bps from 89. Next trigger: a $45M one-day move in PYUSD. See the map.
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USDC Adds $76M Against The Week (#233) $USDC added $76.19M in a day after its market cap fell $1.03B over seven days. msUSD widened to 1,150 bps below peg; the next marker is a $25M XAUT session. See the map.
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“A stablecoin might be really cool but you need to be able to get in and get out without losing in the process.” Our founder @TokenBrice sits down with @defi_milos to discuss stablecoins, what to watch out for, what actually makes a stablecoin work, including how Pharos evaluates safety and spots warning signs before things go wrong.
DeFi users need to understand stablecoins. Super excited to welcome @TokenBrice from @PharosWatch as my first whiteboard guest! From @LiquityProtocol's decentralized stablecoins to the mechanisms keeping stables safe - and how to utilize those insights on @DeFiSaver As an expert stablecoin researcher - Brice takes us through the different stablecoin models, the risks behind them, and what users should actually look for when evaluating their safety. We also take a closer look at: -> Why many supposedly decentralized stablecoins still rely on centralized entities -> How governance, multisigs, collateral composition and redemption mechanisms can make or break a stablecoin -> How Pharos evaluates stablecoin safety and identifies warning signs before things go wrong -> Real-world examples, including $USDG, $crvUSD and Liquity's $LUSD and $BOLD A great conversation for anyone looking to better understand the stablecoins they're using.
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pmUSD Narrows To 3,379 Bps (#232) $PMUSD sits 3,379 bps below peg at $0.662, 164 bps tighter on the day, while the DEWS ALERT count fell to 4 from 10. A $165M USDC session would turn its daily reversal into rotation. See the map.
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USD1 Net Burns $13.69M (#231) $USD1 read -100 against its 30-day baseline on $13.69M of net burns, and the Bank Run Gauge fell to -24.9, below 9 October's -19.4. A print of -30 or lower would make flow stress the next lead candidate. See the map.
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USDe Yield Flag Holds As Supply Slips $USDE held the week's top yield flag at 5.03% APY as its market cap slid to $4.75B. USDC was the largest supply mover on five days, -$1.15B on a trailing basis. PSI stayed BEDROCK, 88.6 to 92.5. See the map.
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AUSD Leads Three Flow Shifts (#230) $AUSD's pressure score hit -98 and USD1's -82 on $6.84M of combined net burns, while the Bank Run Gauge fell to -13 from -3. A print at -15 or lower makes flow stress the next lead. See the map.
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GENIUS Act coverage just reached every active stablecoin on Pharos. Our remaining highlights of the week were: - Safety Score advanced from 10.04 to 10.16 across twelve releases, including authenticated CCIP and LayerZero OFT bridge reading. - Eight failure scenarios are now live on coin pages for USDS, crvUSD, USDC, GHO, USDe, USDT, USD1, and LUSD. - Coin pages rebuilt around Safety Score pillars. Unavailable data now shows as unavailable, not zero. - Plus new reserve readers, retired yield collectors, and publication scheduling improvements. - Our registry expanded from 409 to 488 tracked assets, led by 66 active and 11 pre-launch additions.
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New Asset Listing: OUSD by @openstandard is now live on Pharos. All data across liquidity, yield, safety, exit, and market activity are now available on Pharos. Open USD is a USD-pegged stablecoin backed by a consortium of 140+ partners including Visa, Mastercard, Stripe, BlackRock, and Coinbase with reserve earnings going to partners by default.
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USDC's Burn Slows To $13.42M (#229) $USDC is down $1.10B on the week, but the last day took only $13.42M while USDD net minted $199.43M. A Bank Run Gauge print of -15 or lower would shift the story to flow stress. See the map.
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