Side-by-side institutional comparison — canonical compliance grade, methodology verdict, and IC-memo-ready exports per asset.
| Metric | USDY Ondo US Dollar Yield | USDF Falcon USD Proxy score | USDTB USDtb Proxy score | APXUSD apxUSD Proxy score |
|---|---|---|---|---|
| Market Cap | $2.13B | $1.78B | $1.09B | $518.9M |
| Peg Status | UNKNOWN | STABLE | STABLE | STABLE |
| Peg Deviation | — | 0.249% | 0.113% | 0.031% |
| Issuer | Ondo Finance | Falcon Finance | Ethena Labs | Unknown |
| Issuer Type | Centralized | Centralized | Algorithmic Protocol | — |
| Jurisdiction | Foreign regulated | Unknown | Unknown | Unknown |
| Reserve Transparency | Audited Reports | Audited Reports | On-Chain | None/Opaque |
| Redemption Rights | 1:1 par · 3-5 Business Days | — | — | — |
| Governance | Issuer Controlled | Issuer Controlled | DAO Governance | — |
| Compliance Score | B-64/100 | B-63/100 | B70/100 | C40/100 |
| 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: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.