Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDS USDS | USD1 USD1 | APXUSD apxUSD Proxy score | USDE Ethena USDe |
|---|---|---|---|---|
| Market Cap | $11.11B | $4.78B | $519.0M | $4.45B |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.026% | 0.133% | 0.039% | 0.086% |
| Issuer | Sky (formerly MakerDAO) | World Liberty Financial | Unknown | Ethena Labs |
| Issuer Type | Decentralized DAO | Centralized | — | Algorithmic Protocol |
| Jurisdiction | Unregulated | Unknown | Unknown | Foreign regulated |
| Reserve Transparency | On-Chain | None/Opaque | None/Opaque | On-Chain |
| Redemption Rights | 1:1 par · Instant (On-Chain) | Not guaranteed | — | 1:1 par · 3-5 Business Days |
| Governance | DAO Governance | Issuer Controlled | — | DAO Governance |
| Compliance Score | C+56/100 | C40/100 | C40/100 | C45/100 |
| 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 | WatchMethodology 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.