Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDE Ethena USDe | PAXG PAX Gold Proxy score | USD1 USD1 | USDF Falcon USD Proxy score |
|---|---|---|---|---|
| Market Cap | $4.45B | $2.14B | $4.78B | $1.75B |
| Peg Status | STABLE | UNKNOWN | STABLE | STABLE |
| Peg Deviation | 0.086% | — | 0.133% | 0.263% |
| Issuer | Ethena Labs | Paxos | World Liberty Financial | Falcon Finance |
| Issuer Type | Algorithmic Protocol | Centralized | Centralized | Centralized |
| Jurisdiction | Foreign regulated | Unknown | Unknown | Unknown |
| Reserve Transparency | On-Chain | Audited Reports | None/Opaque | Audited Reports |
| Redemption Rights | 1:1 par · 3-5 Business Days | — | Not guaranteed | — |
| Governance | DAO Governance | Issuer Controlled | Issuer Controlled | Issuer Controlled |
| Compliance Score | C45/100 | D28/100 | C40/100 | B-63/100 |
| 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 | AvoidMethodology classification — not investment advice.Confidence:low | 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.