Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | BUSD Binance-Peg BUSD Proxy score | USDC USD Coin | USX USX Proxy score | USDE Ethena USDe |
|---|---|---|---|---|
| Market Cap | $283.0M | $75.90B | $494.8M | $4.51B |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.360% | 0.032% | 0.051% | 0.125% |
| Issuer | Binance (Paxos) | Circle | dForce | Ethena Labs |
| Issuer Type | Centralized | Centralized | Decentralized DAO | Algorithmic Protocol |
| Jurisdiction | Unknown | US regulated | Unknown | Foreign regulated |
| Reserve Transparency | Audited Reports | Audited Reports | On-Chain | On-Chain |
| Redemption Rights | — | 1:1 par · ≤2 Business Days | — | 1:1 par · 3-5 Business Days |
| Governance | Issuer Controlled | Issuer Controlled | DAO Governance | DAO Governance |
| StableLens Score | B-63/100 | A92/100 | C+55/100 | C45/100 |
| Yield Eligibility | Not eligible | Eligible | Not eligible | Not eligible |
| Last Updated | Today | Today | Today | Today |
| Decision Summary | WatchMethodology classification — not investment advice.Confidence:low | ApprovedMethodology classification — not investment advice.Confidence:high | WatchMethodology classification — not investment advice.Confidence:low | WatchMethodology classification — not investment advice.Confidence:high |
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.