BUIDLvsGHO
BlackRock USD vs GHO — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
BUIDL — BlackRock USD
GHO — GHO
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days BUIDL supply moved +13.7% and GHO +16.7% — GHO grew faster. BUIDL held the tighter band: worst deviation 0 bps against 26 bps.
Key differences
- BUIDL is roughly 3.9× larger than GHO by USD circulation value ($2.71B vs $697.5M).
- BUIDL ranks #10 while GHO ranks #17 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- BUIDL is a fiat-backed stablecoin; GHO is crypto-backed. Different mechanism, different failure modes.
- Reserves differ — BUIDL holds tokenized us treasuries (blackrock), GHO holds overcollateralized (aave).
- BUIDL is deployed on 8 chains — much broader coverage than GHO's 2.
Full comparison table
| Metric | BUIDL | GHO |
|---|---|---|
| USD circulation value | $2.71B | $697.5M |
| Rank (by USD value) | #10 | #17 |
| Peg | USD | USD |
| Mechanism | fiat-backed | crypto-backed |
| Backing | Tokenized US Treasuries (BlackRock) | Overcollateralized (Aave) |
| Chains deployed | 8 | 2 |
| Primary chain | Ethereum | Ethereum |
| Issuer | BlackRock (tokenized by Securitize) | Aave |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between BUIDL and GHO?
Both track USD, so they compete for the same use cases. BUIDL holds tokenized us treasuries (blackrock); GHO holds overcollateralized (aave). BUIDL ranks #10 by USD value and GHO ranks #17.
Which is bigger, BUIDL or GHO?
BUIDL is larger, with $2.71B in circulation vs $697.5M for GHO. That's roughly 3.9× the size.
Is BUIDL safer than GHO?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. BUIDL uses a fiat-backed model; GHO uses a crypto-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between BUIDL and GHO?
Yes. BUIDL and GHO both trade on major centralized and decentralized exchanges. Since both track USD, the exchange rate is typically very close to 1:1. Direct swap protocols on Ethereum, Solana, and other chains offer the tightest spreads.
Should I choose BUIDL or GHO?
The right choice depends on your use case. Consider: which chain do you need? BUIDL is available on 8 chains and GHO on 2. What backing do you prefer? What's your integration surface (exchanges, DeFi protocols, payment providers)? Both have deep liquidity, so market cap alone shouldn't decide it.