usde minted $171m today, 4.26% supply jump. buidl added $150m, 5.29%. usd1 +$41m, usds +$30m, pyusd +$26m on the other side.

redemptions: usdc -$85m, usdg -$78m, usdm -$17m, usdgo -$16m, fdusd -$11m.

net aggregate +$268m across tracked stables.

falsifiable: usde mint signals arb replenishment, not fresh demand. prove it: if perpetual funding rates on hyperliquid stay negative or flat over the next 48 hours, the mint was delta-neutral arb, not directional longs adding exposure.

more at falsifylab.substack.com #OnchainAlpha #StablecoinYield #DeFiYield $USDE

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Originally published on FalsifyLab Substack.