Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric |  USDE Ethena USDe |  YLDS YLDS Proxy score |  USDT Tether |
|---|---|---|---|
| Market Cap | $4.60B | $519.5M | $183.49B |
| Peg Status | STABLE | STABLE | STABLE |
| Peg Deviation | -0.046% | 0.000% | -0.032% |
| Issuer | Ethena Labs | Unknown | Tether |
| Issuer Type | Algorithmic Protocol | — | Centralized |
| Jurisdiction | Foreign regulated | Unknown | Foreign regulated |
| Reserve Transparency | On-Chain | None/Opaque | Audited Reports |
| Redemption Rights | 1:1 par · 3-5 Business Days | — | 1:1 par · ≤2 Business Days |
| Governance | DAO Governance | — | Issuer Controlled |
| StableLens Score | C45/100 | D25/100 | B71/100 |
| Yield Eligibility | Not eligible | Not eligible | Not eligible |
| Last Updated | 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 |
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.
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U
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