Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDT Tether | PYUSD PayPal USD | APXUSD apxUSD Proxy score | DAI Dai |
|---|---|---|---|---|
| Market Cap | $189.41B | $3.59B | $518.9M | $4.35B |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.108% | 0.017% | 0.031% | 0.052% |
| Issuer | Tether | Paxos / PayPal | Unknown | MakerDAO |
| Issuer Type | Centralized | Centralized | — | Decentralized DAO |
| Jurisdiction | Foreign regulated | US regulated | Unknown | Unregulated |
| Reserve Transparency | Audited Reports | Audited Reports | None/Opaque | On-Chain |
| Redemption Rights | 1:1 par · ≤2 Business Days | 1:1 par · ≤2 Business Days | — | 1:1 par · Instant (On-Chain) |
| Governance | Issuer Controlled | Issuer Controlled | — | DAO Governance |
| Compliance Score | B71/100 | A+95/100 | C40/100 | C+56/100 |
| Yield Eligibility | Not eligible | Eligible | Not eligible | Not eligible |
| Last Updated | Today | Today | Today | Today |
| Decision Summary | WatchMethodology classification — not investment advice.Confidence:high | ApprovedMethodology 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.