Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | APXUSD apxUSD Proxy score | USDTB USDtb Proxy score | USDS USDS | USDF Falcon USD Proxy score |
|---|---|---|---|---|
| Market Cap | $518.9M | $1.09B | $11.11B | $1.78B |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.023% | 0.101% | 0.022% | 0.275% |
| Issuer | Unknown | Ethena Labs | Sky (formerly MakerDAO) | Falcon Finance |
| Issuer Type | — | Algorithmic Protocol | Decentralized DAO | Centralized |
| Jurisdiction | Unknown | Unknown | Unregulated | Unknown |
| Reserve Transparency | None/Opaque | On-Chain | On-Chain | Audited Reports |
| Redemption Rights | — | — | 1:1 par · Instant (On-Chain) | — |
| Governance | — | DAO Governance | DAO Governance | Issuer Controlled |
| Compliance Score | C40/100 | B70/100 | C+56/100 | B-63/100 |
| Yield Eligibility | Not eligible | Not eligible | Not eligible | Not eligible |
| Last Updated | Today | Today | Today | Today |
| Decision Summary | WatchMethodology classification — not investment advice.Confidence:low | WatchMethodology classification — not investment advice.Confidence:low | WatchMethodology classification — not investment advice.Confidence:high | WatchMethodology classification — not investment advice.Confidence:low |
Verdicts are StableLens methodology classifications — Approved / Watch / Avoid / Insufficient — not investment advice. Compliance score is the canonical 6-dimension regulatory rubric (when a profile exists) or capped fallback (when not). See methodology.