Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDTB USDtb Proxy score | PYUSD PayPal USD | APXUSD apxUSD Proxy score | U United Stables Proxy score |
|---|---|---|---|---|
| Market Cap | $1.09B | $3.58B | $519.0M | $1.03B |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.090% | 0.014% | 0.023% | 0.011% |
| Issuer | Ethena Labs | Paxos / PayPal | Unknown | Unknown |
| Issuer Type | Algorithmic Protocol | Centralized | — | — |
| Jurisdiction | Unknown | US regulated | Unknown | Unknown |
| Reserve Transparency | On-Chain | Audited Reports | None/Opaque | None/Opaque |
| Redemption Rights | — | 1:1 par · ≤2 Business Days | — | — |
| Governance | DAO Governance | Issuer Controlled | — | — |
| Compliance Score | B70/100 | A+95/100 | C40/100 | D25/100 |
| Yield Eligibility | Not eligible | Eligible | Not eligible | Not eligible |
| Last Updated | Today | Today | Today | Today |
| Decision Summary | WatchMethodology classification — not investment advice.Confidence:low | ApprovedMethodology classification — not investment advice.Confidence:high | WatchMethodology classification — not investment advice.Confidence:low | 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.