GHOvsUSDX
GHO vs USDX Money USDX — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
GHO — GHO
USDX — USDX Money USDX
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Supply moved almost identically over the last 30 days: GHO +0.0%, USDX +0.0%. GHO held the tighter band: worst deviation 17 bps against 9912 bps.
Key differences
- GHO and USDX are similar in size — within 10% of each other by USD-equivalent value.
- GHO ranks #17 while USDX ranks #18 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- Both are crypto-backed stablecoins, so the mechanism is not what separates them.
- GHO reports overcollateralized (aave) in reserve. We do not track a published reserve breakdown for USDX.
- Chain coverage is comparable: GHO on 2 chains, USDX on 3.
- Primary chain differs — most GHO supply lives on Ethereum, while most USDX supply is on BSC.
Full comparison table
| Metric | GHO | USDX |
|---|---|---|
| USD circulation value | $697.8M | $683.4M |
| Rank (by USD value) | #17 | #18 |
| Peg | USD | USD |
| Mechanism | crypto-backed | crypto-backed |
| Backing | Overcollateralized (Aave) | — |
| Chains deployed | 2 | 3 |
| Primary chain | Ethereum | BSC |
| Issuer | Aave | — |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between GHO and USDX?
Both track USD, so they compete for the same use cases. GHO holds overcollateralized (aave). We track no published reserve breakdown for USDX. GHO ranks #17 by USD value and USDX ranks #18.
Which is bigger, GHO or USDX?
GHO is larger, with $697.8M in circulation vs $683.4M for USDX. That's roughly 1.0× the size.
Is GHO safer than USDX?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. Both use a crypto-backed model, so the difference sits in the issuer and the reserves rather than the design. Read each issuer's most recent reserve attestation before choosing.
Can I convert between GHO and USDX?
Yes. GHO and USDX 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 GHO or USDX?
The right choice depends on your use case. Consider: which chain do you need? GHO is available on 2 chains and USDX on 3. 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.