Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USAT USAT Proxy score | PYUSD PayPal USD | USDE Ethena USDe | USDF Falcon USD Proxy score |
|---|---|---|---|---|
| Market Cap | $159.5M | $3.58B | $4.45B | $1.75B |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.098% | 0.018% | 0.086% | 0.263% |
| Issuer | Unknown | Paxos / PayPal | Ethena Labs | Falcon Finance |
| Issuer Type | — | Centralized | Algorithmic Protocol | Centralized |
| Jurisdiction | Unknown | US regulated | Foreign regulated | Unknown |
| Reserve Transparency | None/Opaque | Audited Reports | On-Chain | Audited Reports |
| Redemption Rights | — | 1:1 par · ≤2 Business Days | 1:1 par · 3-5 Business Days | — |
| Governance | — | Issuer Controlled | DAO Governance | Issuer Controlled |
| Compliance Score | D25/100 | A+95/100 | C45/100 | B-63/100 |
| Yield Eligibility | Not eligible | Eligible | Not eligible | Not eligible |
| Last Updated | Today | Today | Today | Today |
| Decision Summary | AvoidMethodology classification — not investment advice.Confidence:low | ApprovedMethodology 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.