Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | FRAX Frax | USDT Tether | USDS USDS | PYUSD PayPal USD |
|---|---|---|---|---|
| Market Cap | $240.0M | $186.25B | $10.26B | $2.77B |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.041% | 0.099% | 0.031% | 0.036% |
| Issuer | Frax Finance | Tether | Sky (formerly MakerDAO) | Paxos / PayPal |
| Issuer Type | Algorithmic Protocol | Centralized | Decentralized DAO | Centralized |
| Jurisdiction | Unregulated | Foreign regulated | Unregulated | US regulated |
| Reserve Transparency | On-Chain | Audited Reports | On-Chain | Audited Reports |
| Redemption Rights | 1:1 par · Instant (On-Chain) | 1:1 par · ≤2 Business Days | 1:1 par · Instant (On-Chain) | 1:1 par · ≤2 Business Days |
| Governance | DAO Governance | Issuer Controlled | DAO Governance | Issuer Controlled |
| StableLens Score | C+57/100 | B71/100 | C+56/100 | A+95/100 |
| Yield Eligibility | Not eligible | Not eligible | Not eligible | 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 | ApprovedMethodology 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.