Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USD0 Usual USD | USDE Ethena USDe | APXUSD apxUSD Proxy score | USDT Tether |
|---|---|---|---|---|
| Market Cap | $554.3M | $4.45B | $519.0M | $189.44B |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.134% | 0.089% | 0.035% | 0.097% |
| Issuer | Usual Protocol | Ethena Labs | Unknown | Tether |
| Issuer Type | Algorithmic Protocol | Algorithmic Protocol | — | Centralized |
| Jurisdiction | EU regulated | Foreign regulated | Unknown | Foreign regulated |
| Reserve Transparency | On-Chain | On-Chain | None/Opaque | Audited Reports |
| Redemption Rights | 1:1 par · ≤2 Business Days | 1:1 par · 3-5 Business Days | — | 1:1 par · ≤2 Business Days |
| Governance | DAO Governance | DAO Governance | — | Issuer Controlled |
| Compliance Score | B-61/100 | C45/100 | C40/100 | B71/100 |
| Yield Eligibility | Not eligible | Not eligible | Not eligible | Not 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: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.