USDfvsYLDS
Falcon USD vs YLDS — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDf — Falcon USD
YLDS — YLDS
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days USDf supply moved -0.3% and YLDS +23.0% — YLDS grew faster. YLDS held the tighter band: worst deviation 8 bps against 54 bps.
Key differences
- USDf is roughly 1.9× larger than YLDS by USD circulation value ($1.26B vs $656.3M).
- USDf ranks #14 while YLDS ranks #18 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- USDf is a crypto-backed stablecoin; YLDS is fiat-backed. Different mechanism, different failure modes.
- YLDS reports tokenized us treasuries (sec registered) in reserve. We do not track a published reserve breakdown for USDf.
- YLDS is deployed on 4 chains — much broader coverage than USDf's 2.
Full comparison table
| Metric | USDf | YLDS |
|---|---|---|
| USD circulation value | $1.26B | $656.3M |
| Rank (by USD value) | #14 | #18 |
| Peg | USD | USD |
| Mechanism | crypto-backed | fiat-backed |
| Backing | Delta-neutral (Falcon) | Tokenized US Treasuries (SEC registered) |
| Chains deployed | 2 | 4 |
| Primary chain | Ethereum | Ethereum |
| Issuer | Falcon Finance | Figure Markets |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDf and YLDS?
Both track USD, so they compete for the same use cases. YLDS holds tokenized us treasuries (sec registered). We track no published reserve breakdown for USDf. USDf ranks #14 by USD value and YLDS ranks #18.
Which is bigger, USDf or YLDS?
USDf is larger, with $1.26B in circulation vs $656.3M for YLDS. That's roughly 1.9× the size.
Is USDf safer than YLDS?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. USDf uses a crypto-backed model; YLDS uses a fiat-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USDf and YLDS?
Yes. USDf and YLDS 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 USDf or YLDS?
The right choice depends on your use case. Consider: which chain do you need? USDf is available on 2 chains and YLDS on 4. 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.