Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | LUSD Liquity USD | USDP Pax Dollar | FDUSD First Digital USD | USD0 Usual USD |
|---|---|---|---|---|
| Market Cap | $31.1M | $47.6M | $412.4M | $570.8M |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.800% | 0.000% | 0.109% | 0.336% |
| Issuer | Liquity Protocol | Paxos | First Digital Labs | Usual Protocol |
| Issuer Type | Decentralized DAO | Centralized | Centralized | Algorithmic Protocol |
| Jurisdiction | Unregulated | US regulated | Foreign regulated | EU regulated |
| Reserve Transparency | On-Chain | Audited Reports | Audited Reports | On-Chain |
| Redemption Rights | 1:1 par · Instant (On-Chain) | 1:1 par · ≤2 Business Days | 1:1 par · ≤2 Business Days | 1:1 par · ≤2 Business Days |
| Governance | Algorithmic | Issuer Controlled | Issuer Controlled | DAO Governance |
| Compliance Score | B-60/100 | A+95/100 | B+82/100 | B-61/100 |
| Yield Eligibility | Not eligible | Eligible | Eligible | Not eligible |
| Last Updated | 2/8/2026 | 2/8/2026 | 2/8/2026 | 2/8/2026 |
| Decision Summary | WatchMethodology classification — not investment advice.Confidence:medium | ApprovedMethodology classification — not investment advice.Confidence:high | WatchMethodology classification — not investment advice.Confidence:high | WatchMethodology classification — not investment advice.Confidence:medium |
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.