Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDP Pax Dollar | GHO GHO | USDE Ethena USDe | U United Stables Proxy score |
|---|---|---|---|---|
| Market Cap | $31.9M | $583.5M | $4.51B | $949.8M |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.051% | 0.086% | 0.126% | 0.010% |
| Issuer | Paxos | Aave DAO | Ethena Labs | Unknown |
| Issuer Type | Centralized | Decentralized DAO | Algorithmic Protocol | — |
| Jurisdiction | US regulated | Unregulated | Foreign regulated | Unknown |
| Reserve Transparency | Audited Reports | On-Chain | On-Chain | None/Opaque |
| Redemption Rights | 1:1 par · ≤2 Business Days | 1:1 par · Instant (On-Chain) | 1:1 par · 3-5 Business Days | — |
| Governance | Issuer Controlled | DAO Governance | DAO Governance | — |
| StableLens Score | A+95/100 | C+58/100 | C45/100 | D25/100 |
| Yield Eligibility | Eligible | Not eligible | Not eligible | Not eligible |
| Last Updated | Today | Today | Today | Today |
| Decision Summary | ApprovedMethodology classification — not investment advice.Confidence:high | WatchMethodology classification — not investment advice.Confidence:high | WatchMethodology classification — not investment advice.Confidence:high | 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.