Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDC USD Coin | PYUSD PayPal USD | USDY Ondo US Dollar Yield | USDT Tether |
|---|---|---|---|---|
| Market Cap | $76.40B | $3.59B | $2.13B | $189.41B |
| Peg Status | STABLE | STABLE | UNKNOWN | STABLE |
| Peg Deviation | 0.038% | 0.017% | — | 0.108% |
| Issuer | Circle | Paxos / PayPal | Ondo Finance | Tether |
| Issuer Type | Centralized | Centralized | Centralized | Centralized |
| Jurisdiction | US regulated | US regulated | Foreign regulated | Foreign regulated |
| Reserve Transparency | Audited Reports | Audited Reports | Audited Reports | Audited Reports |
| Redemption Rights | 1:1 par · ≤2 Business Days | 1:1 par · ≤2 Business Days | 1:1 par · 3-5 Business Days | 1:1 par · ≤2 Business Days |
| Governance | Issuer Controlled | Issuer Controlled | Issuer Controlled | Issuer Controlled |
| Compliance Score | A92/100 | A+95/100 | B-64/100 | B71/100 |
| Yield Eligibility | Eligible | Eligible | Not eligible | Not eligible |
| Last Updated | Today | Today | Today | Today |
| Decision Summary | ApprovedMethodology classification — not investment advice.Confidence:high | ApprovedMethodology 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.