United Stables vs GHO โ side-by-side comparison of supply, chains, backing, and peg data.
Supply moved almost identically over the last 30 days: U +17.4%, GHO +16.7%. U held the tighter band: worst deviation 9 bps against 26 bps.
| Metric | U | GHO |
|---|---|---|
| USD circulation value | $1.21B | $697.5M |
| Rank (by USD value) | #15 | #17 |
| Peg | USD | USD |
| Mechanism | crypto-backed | crypto-backed |
| Backing | Stablecoin basket | Overcollateralized (Aave) |
| Chains deployed | 3 | 2 |
| Primary chain | BSC | Ethereum |
| Issuer | โ | Aave |
| CoinGecko | View โ | View โ |
Both track USD, so they compete for the same use cases. U holds stablecoin basket; GHO holds overcollateralized (aave). U ranks #15 by USD value and GHO ranks #17.
U is larger, with $1.21B in circulation vs $697.5M for GHO. That's roughly 1.7ร the size.
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight โ 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.
Yes. U 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.
The right choice depends on your use case. Consider: which chain do you need? U is available on 3 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.