Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | FRAX Frax | FDUSD First Digital USD | USD1 USD1 | USDTB USDtb Proxy score |
|---|---|---|---|---|
| Market Cap | $239.6M | $351.9M | $4.79B | $916.3M |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.041% | 0.187% | 0.038% | 0.035% |
| Issuer | Frax Finance | First Digital Labs | World Liberty Financial | Ethena Labs |
| Issuer Type | Algorithmic Protocol | Centralized | Centralized | Algorithmic Protocol |
| Jurisdiction | Unregulated | Foreign regulated | Unknown | Unknown |
| Reserve Transparency | On-Chain | Audited Reports | None/Opaque | On-Chain |
| Redemption Rights | 1:1 par · Instant (On-Chain) | 1:1 par · ≤2 Business Days | Not guaranteed | — |
| Governance | DAO Governance | Issuer Controlled | Issuer Controlled | DAO Governance |
| StableLens Score | C+57/100 | B+82/100 | C40/100 | B70/100 |
| Yield Eligibility | Not eligible | Eligible | Not eligible | Not eligible |
| Last Updated | Today | Today | Today | Today |
| Decision Summary | WatchMethodology classification — not investment advice.Confidence:high | WatchMethodology classification — not investment advice.Confidence:high | 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.