Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | PYUSD PayPal USD | USDY Ondo US Dollar Yield | U United Stables Proxy score | USDE Ethena USDe |
|---|---|---|---|---|
| Market Cap | $3.58B | $2.14B | $1.03B | $4.45B |
| Peg Status | STABLE | UNKNOWN | STABLE | STABLE |
| Peg Deviation | 0.021% | — | 0.024% | 0.096% |
| Issuer | Paxos / PayPal | Ondo Finance | Unknown | Ethena Labs |
| Issuer Type | Centralized | Centralized | — | Algorithmic Protocol |
| Jurisdiction | US regulated | Foreign regulated | Unknown | Foreign regulated |
| Reserve Transparency | Audited Reports | Audited Reports | None/Opaque | On-Chain |
| Redemption Rights | 1:1 par · ≤2 Business Days | 1:1 par · 3-5 Business Days | — | 1:1 par · 3-5 Business Days |
| Governance | Issuer Controlled | Issuer Controlled | — | DAO Governance |
| Compliance Score | A+95/100 | B-64/100 | D25/100 | C45/100 |
| 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 | AvoidMethodology 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.