Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | PYUSD PayPal USD | APXUSD apxUSD Proxy score | BFUSD BFUSD Proxy score | USDT Tether |
|---|---|---|---|---|
| Market Cap | $3.58B | $519.0M | $1.32B | $189.44B |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.008% | 0.035% | 0.122% | 0.097% |
| Issuer | Paxos / PayPal | Unknown | Binance | Tether |
| Issuer Type | Centralized | — | Centralized | Centralized |
| Jurisdiction | US regulated | Unknown | Unknown | Foreign regulated |
| Reserve Transparency | Audited Reports | None/Opaque | Audited Reports | Audited Reports |
| Redemption Rights | 1:1 par · ≤2 Business Days | — | — | 1:1 par · ≤2 Business Days |
| Governance | Issuer Controlled | — | Issuer Controlled | Issuer Controlled |
| Compliance Score | A+95/100 | C40/100 | B-63/100 | B71/100 |
| Yield Eligibility | Eligible | Not eligible | Not eligible | Not eligible |
| Last Updated | Today | Today | Today | Today |
| Decision Summary | ApprovedMethodology classification — not investment advice.Confidence:high | WatchMethodology classification — not investment advice.Confidence:low | 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.