Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDY Ondo US Dollar Yield | BFUSD BFUSD Proxy score | USDG Global Dollar Proxy score | USDE Ethena USDe |
|---|---|---|---|---|
| Market Cap | $2.14B | $1.32B | $2.75B | $4.45B |
| Peg Status | UNKNOWN | STABLE | STABLE | STABLE |
| Peg Deviation | — | 0.122% | 0.016% | 0.095% |
| Issuer | Ondo Finance | Binance | Paxos | Ethena Labs |
| Issuer Type | Centralized | Centralized | Centralized | Algorithmic Protocol |
| Jurisdiction | Foreign regulated | Unknown | Unknown | Foreign regulated |
| Reserve Transparency | Audited Reports | Audited Reports | Audited Reports | On-Chain |
| Redemption Rights | 1:1 par · 3-5 Business Days | — | — | 1:1 par · 3-5 Business Days |
| Governance | Issuer Controlled | Issuer Controlled | Issuer Controlled | DAO Governance |
| Compliance Score | B-64/100 | B-63/100 | B-63/100 | 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:low | WatchMethodology classification — not investment advice.Confidence:low | 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.