Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDY Ondo US Dollar Yield | USDC USD Coin | USDE Ethena USDe | PAXG PAX Gold Proxy score |
|---|---|---|---|---|
| Market Cap | $2.14B | $76.40B | $4.45B | $2.14B |
| Peg Status | UNKNOWN | STABLE | STABLE | UNKNOWN |
| Peg Deviation | — | 0.027% | 0.087% | — |
| Issuer | Ondo Finance | Circle | Ethena Labs | Paxos |
| Issuer Type | Centralized | Centralized | Algorithmic Protocol | Centralized |
| Jurisdiction | Foreign regulated | US regulated | Foreign regulated | Unknown |
| Reserve Transparency | Audited Reports | Audited Reports | On-Chain | Audited Reports |
| Redemption Rights | 1:1 par · 3-5 Business Days | 1:1 par · ≤2 Business Days | 1:1 par · 3-5 Business Days | — |
| Governance | Issuer Controlled | Issuer Controlled | DAO Governance | Issuer Controlled |
| Compliance Score | B-64/100 | A92/100 | C45/100 | D28/100 |
| 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:high | 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.