Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDE Ethena USDe | USDS USDS | U United Stables Proxy score | XAUT Tether Gold Proxy score |
|---|---|---|---|---|
| Market Cap | $4.45B | $11.11B | $1.03B | $2.70B |
| Peg Status | STABLE | STABLE | STABLE | UNKNOWN |
| Peg Deviation | 0.085% | 0.042% | 0.005% | — |
| Issuer | Ethena Labs | Sky (formerly MakerDAO) | Unknown | Tether |
| Issuer Type | Algorithmic Protocol | Decentralized DAO | — | Centralized |
| Jurisdiction | Foreign regulated | Unregulated | Unknown | Unknown |
| Reserve Transparency | On-Chain | On-Chain | None/Opaque | Audited Reports |
| Redemption Rights | 1:1 par · 3-5 Business Days | 1:1 par · Instant (On-Chain) | — | — |
| Governance | DAO Governance | DAO Governance | — | Issuer Controlled |
| Compliance Score | C45/100 | C+56/100 | D25/100 | D28/100 |
| 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 | AvoidMethodology classification — not investment advice.Confidence:low | AvoidMethodology 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.