Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric |  USDE Ethena USDe |  USDY Ondo US Dollar Yield |  BFUSD BFUSD Proxy score |
|---|---|---|---|
| Market Cap | $4.45B | $2.14B | $1.32B |
| Peg Status | STABLE | UNKNOWN | STABLE |
| Peg Deviation | 0.106% | — | 0.123% |
| Issuer | Ethena Labs | Ondo Finance | Binance |
| Issuer Type | Algorithmic Protocol | Centralized | Centralized |
| Jurisdiction | Foreign regulated | Foreign regulated | Unknown |
| Reserve Transparency | On-Chain | Audited Reports | Audited Reports |
| Redemption Rights | 1:1 par · 3-5 Business Days | 1:1 par · 3-5 Business Days | — |
| Governance | DAO Governance | Issuer Controlled | Issuer Controlled |
| Compliance Score | C45/100 | B-64/100 | B-63/100 |
| Yield Eligibility | Not eligible | Not eligible | Not eligible |
| Last Updated | Today | Today | Today |
| Decision Summary | WatchMethodology classification — not investment advice.Confidence:high | WatchMethodology classification — not investment advice.Confidence:low | 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.
USDT
USDC
USDS
USD1
DAI
PYUSD
USDG
XAUT
PAXG
USDF
RLUSD
USDD
USDTB
U
GHO
USD0
APXUSD
A7A5
YLDS
TUSD
EURC