Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDP Pax Dollar | USDTB USDtb Proxy score | USDE Ethena USDe | USD0 Usual USD |
|---|---|---|---|---|
| Market Cap | $31.9M | $1.01B | $4.51B | $553.1M |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.137% | 0.092% | 0.141% | 0.148% |
| Issuer | Paxos | Ethena Labs | Ethena Labs | Usual Protocol |
| Issuer Type | Centralized | Algorithmic Protocol | Algorithmic Protocol | Algorithmic Protocol |
| Jurisdiction | US regulated | Unknown | Foreign regulated | EU regulated |
| Reserve Transparency | Audited Reports | On-Chain | On-Chain | On-Chain |
| Redemption Rights | 1:1 par · ≤2 Business Days | — | 1:1 par · 3-5 Business Days | 1:1 par · ≤2 Business Days |
| Governance | Issuer Controlled | DAO Governance | DAO Governance | DAO Governance |
| StableLens Score | A+95/100 | B70/100 | C45/100 | B-61/100 |
| 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:low | WatchMethodology classification — not investment advice.Confidence:high | 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.