USDGvsUSDX
Global Dollar vs USDX Money USDX — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDG — Global Dollar
USDX — USDX Money USDX
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days USDG supply moved -5.9% and USDX +0.0% — USDX grew faster. USDG held the tighter band: worst deviation 2 bps against 9912 bps.
Key differences
- USDG is roughly 4.7× larger than USDX by USD circulation value ($3.20B vs $683.4M).
- USDG ranks #7 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.
- USDG is a fiat-backed stablecoin; USDX is crypto-backed. Different mechanism, different failure modes.
- USDG reports cash reserves (paxos) in reserve. We do not track a published reserve breakdown for USDX.
- USDG is deployed on 6 chains — much broader coverage than USDX's 3.
- Primary chain differs — most USDG supply lives on X Layer, while most USDX supply is on BSC.
Full comparison table
| Metric | USDG | USDX |
|---|---|---|
| USD circulation value | $3.20B | $683.4M |
| Rank (by USD value) | #7 | #18 |
| Peg | USD | USD |
| Mechanism | fiat-backed | crypto-backed |
| Backing | Cash reserves (Paxos) | — |
| Chains deployed | 6 | 3 |
| Primary chain | X Layer | BSC |
| Issuer | Paxos Trust Company | — |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDG and USDX?
Both track USD, so they compete for the same use cases. USDG holds cash reserves (paxos). We track no published reserve breakdown for USDX. USDG ranks #7 by USD value and USDX ranks #18.
Which is bigger, USDG or USDX?
USDG is larger, with $3.20B in circulation vs $683.4M for USDX. That's roughly 4.7× the size.
Is USDG 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. USDG uses a fiat-backed model; USDX uses a crypto-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USDG and USDX?
Yes. USDG 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 USDG or USDX?
The right choice depends on your use case. Consider: which chain do you need? USDG is available on 6 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.