Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDTB USDtb Proxy score | USX USX Proxy score | USDC USD Coin | USDT Tether |
|---|---|---|---|---|
| Market Cap | $916.5M | $507.9M | $74.81B | $186.24B |
| Peg Status | STABLE | STABLE | STABLE | STABLE |
| Peg Deviation | 0.026% | 0.069% | 0.027% | 0.092% |
| Issuer | Ethena Labs | dForce | Circle | Tether |
| Issuer Type | Algorithmic Protocol | Decentralized DAO | Centralized | Centralized |
| Jurisdiction | Unknown | Unknown | US regulated | Foreign regulated |
| Reserve Transparency | On-Chain | On-Chain | Audited Reports | Audited Reports |
| Redemption Rights | — | — | 1:1 par · ≤2 Business Days | 1:1 par · ≤2 Business Days |
| Governance | DAO Governance | DAO Governance | Issuer Controlled | Issuer Controlled |
| StableLens Score | B70/100 | C+55/100 | A92/100 | B71/100 |
| Yield Eligibility | Not eligible | Not eligible | Eligible | Not eligible |
| Last Updated | Today | Today | Today | Today |
| Decision Summary | WatchMethodology classification — not investment advice.Confidence:low | WatchMethodology classification — not investment advice.Confidence:low | ApprovedMethodology 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.