Methodology classification · not legal advice

Stablecoin Regulatory Framework Alignment

Methodology classifications under the CLARITY Act (H.R. 3633), GENIUS Act, and MiCA frameworks. StableLens evaluates public-data alignment with statutory and regulatory frameworks — we do not certify compliance, eligibility, registration, or issuer authorization. Audit-trail defensible. Updated weekly.

Framework status

CLARITY Act

In Senate consideration

H.R. 3633

Recently advanced from the Senate Banking Committee; now under Senate floor consideration.

StableLens tracks against the most recent published draft. Per-coin classifications surface in the matrix below as data ingestion completes.

GENIUS Act

Phased implementation

Enacted with phased implementation transition currently underway.

StableLens encodes the current published framework. The Approved / Watch / Avoid / Insufficient Data classification on the matrix below reflects GENIUS-framework alignment as scored by the StableLens methodology v1.0.

MiCA (EU)

In force

Reg. (EU) 2023/1114

In force across EU member states. Stablecoin-specific provisions (Title III + Title IV) apply to e-money tokens and asset-referenced tokens.

StableLens tracks issuer white-paper registration status via the ESMA register. MiCA column on the matrix below renders the latest known status.

Per-coin alignment matrix

Top stablecoins by market cap with their current methodology classifications across the three frameworks. CLARITY classifications populate as F-4.b data ingestion completes.

Symbol	Issuer	Market cap	Compliance grade	GENIUS alignment	CLARITY	MiCA
USDT Tether	Tether	$189.74B	B	Watch	Pending	See issuer
USDC USD Coin	Circle	$76.95B	A	Approved	Pending	See issuer
USDS USDS	Sky (formerly MakerDAO)	$11.20B	C+	Watch	Pending	See issuer
USD1 USD1	World Liberty Financial	$4.52B	C	Watch	Pending	See issuer
DAI Dai	MakerDAO	$4.35B	C+	Watch	Pending	See issuer
USDE Ethena USDe	Ethena Labs	$4.35B	C	Watch	Pending	See issuer
PYUSD PayPal USD	Paxos / PayPal	$3.46B	A+	Approved	Pending	See issuer
USDG Global Dollar	Paxos	$3.03B	B-	Watch	Pending	See issuer
XAUT Tether Gold	Tether	$2.68B	D	Avoid	Pending	See issuer
PAXG PAX Gold	Paxos	$2.13B	D	Avoid	Pending	See issuer
USDF Falcon USD	Falcon Finance	$1.78B	B-	Watch	Pending	See issuer
RLUSD Ripple USD	Ripple	$1.55B	A	Approved	Pending	See issuer
USDD USDD	TRON DAO Reserve	$1.53B	B	Watch	Pending	See issuer
BFUSD BFUSD	Binance	$1.32B	B-	Watch	Pending	See issuer
USDTB USDtb	Ethena Labs	$1.08B	B	Watch	Pending	See issuer
U United Stables	—	$1.03B	D	Avoid	Pending	See issuer
GHO GHO	Aave DAO	$584M	C+	Watch	Pending	See issuer
USD0 Usual USD	Usual Protocol	$556M	B-	Watch	Pending	See issuer
YLDS YLDS	—	$529M	D	Avoid	Pending	See issuer
A7A5 A7A5	—	$497M	F	Avoid	Pending	See issuer
TUSD TrueUSD	Archblock (TrustToken)	$494M	B+	Watch	Pending	See issuer
EURC EURC	Circle	$454M	D	Avoid	Pending	See issuer
FDUSD First Digital USD	First Digital Labs	$393M	B+	Watch	Pending	See issuer
USX USX	dForce	$379M	C+	Watch	Pending	See issuer
KAU Kinesis Gold	Kinesis Money	$347M	D	Avoid	Pending	See issuer
KAG Kinesis Silver	Kinesis Money	$283M	D	Avoid	Pending	See issuer
BUSD Binance-Peg BUSD	Binance (Paxos)	$283M	B-	Watch	Pending	See issuer
FRAX Frax	Frax Finance	$274M	C+	Watch	Pending	See issuer
CRVUSD crvUSD	Curve Finance	$235M	C+	Watch	Pending	See issuer
USDA USDa	Angle Protocol	$217M	C+	Watch	Pending	See issuer
SATUSD Satoshi Stablecoin	Satoshi Protocol	$158M	B	Watch	Pending	See issuer
EURS STASIS EURO	STASIS	$150M	D	Avoid	Pending	See issuer
GUSD GUSD	—	$149M	C	Watch	Pending	See issuer
NUSD Neutrl USD	—	$148M	C	Watch	Pending	See issuer
USDC.N Noble USDC	—	$148M	C	Watch	Pending	See issuer
AUSD AUSD	—	$133M	C	Watch	Pending	See issuer
FRXUSD Frax USD	Frax Finance	$132M	B	Watch	Pending	See issuer
EURCV EUR CoinVertible	—	$122M	F	Avoid	Pending	See issuer
CASH CASH	—	$118M	D	Avoid	Pending	See issuer
CUSD Cap USD	Cap Finance	$116M	B	Watch	Pending	See issuer
AIDAUSDC Gaib AI Dollar Alpha USDC	—	$115M	C	Watch	Pending	See issuer
DUSD StandX DUSD	—	$101M	C	Watch	Pending	See issuer
MNEE MNEE USD Stablecoin	—	$100M	D	Avoid	Pending	See issuer
PGOLD Pleasing Gold	—	$89M	F	Avoid	Pending	See issuer
PMUSD Precious Metals USD	—	$88M	C	Watch	Pending	See issuer
AVUSD Avant USD	—	$86M	C	Watch	Pending	See issuer
XDAI XDAI	—	$78M	C	Watch	Pending	See issuer
MUST Mustang	—	$78M	F	Avoid	Pending	See issuer
SUSDA sUSDa	—	$76M	D	Avoid	Pending	See issuer
LISUSD Lista USD	—	$75M	C	Watch	Pending	See issuer
CGUSD Cygnus Finance Global USD	—	$75M	D	Avoid	Pending	See issuer
FEUSD Felix feUSD	—	$74M	C	Watch	Pending	See issuer
DOLA DOLA	Inverse Finance	$65M	C+	Watch	Pending	See issuer
USDX USDX	—	$64M	D	Avoid	Pending	See issuer
EURI Eurite	—	$59M	F	Avoid	Pending	See issuer
MSY Main Street Yield	—	$57M	F	Avoid	Pending	See issuer
MIM Magic Internet Money (Ethereum)	Abracadabra	$56M	B	Watch	Pending	See issuer
JUPUSD JupUSD	—	$55M	C	Watch	Pending	See issuer
FXUSD f(x) Protocol fxUSD	—	$55M	C	Watch	Pending	See issuer
XUSD StraitsX XUSD	—	$54M	C	Watch	Pending	See issuer

Methodology vs. CLARITY — alignment + gaps

Explicit map of where the StableLens 6-dimension compliance methodology aligns with CLARITY classification criteria, where the bill is silent, and where our framework goes further. This page tracks the published draft — read with the methodology versioning in mind.

StableLens dimension	CLARITY treatment	Alignment
Treasury & Reserves StableLens weight 25%	Reserve composition + qualifying-asset rules are central to CLARITY classification criteria.	Aligned Methodology inputs (cash, T-bills, attestation cadence) map directly to the bill's qualifying-asset framing.
Regulatory Status StableLens weight 20%	Issuer-licensing requirements feed the CFTC vs SEC classification path.	Aligned NYDFS Trust Charter, FinCEN MSB registry, MAS DPT, and MiCA white-paper status all feed this dimension.
Peg Stability StableLens weight 20%	Peg-maintenance language present but specific deviation thresholds not codified.	Methodology extends Methodology specifies a 75bps 24h deviation threshold; published draft is silent on exact bps.
Audit & Code Security StableLens weight 15%	Smart-contract audit posture is not directly addressed in the published draft.	Bill silent StableLens grades audit firm tier + exploit history; bill leaves this to operational supervision.
Issuer Operational Health StableLens weight 10%	Engineering continuity + redemption infrastructure not codified.	Methodology extends Methodology surfaces operational signals (GitHub activity, redemption uptime) the bill does not.
Historical Behavior StableLens weight 10%	Past peg defenses + attestation-vs-reality reconciliation not codified.	Methodology extends Methodology surfaces depeg event archive + statement-vs-outcome history beyond statutory minimum.
Yield-source taxonomy F-4.c — pending	Tillis-Alsobrooks distinction (passive balance yield vs activity-based rewards) under consideration.	Partial Yield-source classification surfacing in F-4.c; aligns with the bill's reward-taxonomy framework once seeded.

What this is NOTStableLens evaluates public-data alignment with statutory and regulatory frameworks. We do not certify legal compliance, eligibility, registration, or issuer authorization. Classifications shown above are methodology outputs, not legal determinations. Use as one input among many in regulatory diligence; always confirm with counsel for material decisions. Methodology version, last-reviewed timestamp, and data-source disclosure are published on /methodology.

View full methodology →·Browse all stablecoins·llms.txt

Page last reviewed 2026-05-17. Framework status reviewed weekly. Per-coin classifications refresh on the 10-minute cron cadence shared by the rest of the StableLens platform.