USDGvsUSX
Global Dollar vs Solstice USX — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDG — Global Dollar
USX — Solstice USX
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 +17.6% and USX -2.1% — USDG grew faster. USX held the tighter band: worst deviation 10 bps against 33 bps.
Key differences
- USDG is roughly 6.7× larger than USX by USD circulation value ($3.42B vs $506.6M).
- USDG ranks #7 while USX ranks #20 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; USX is crypto-backed. Different mechanism, different failure modes.
- Reserves differ — USDG holds cash reserves (paxos), USX holds overcollateralized cdp.
- USDG is deployed on 6 chains — much broader coverage than USX's 1.
- Primary chain differs — most USDG supply lives on X Layer, while most USX supply is on Solana.
Full comparison table
| Metric | USDG | USX |
|---|---|---|
| USD circulation value | $3.42B | $506.6M |
| Rank (by USD value) | #7 | #20 |
| Peg | USD | USD |
| Mechanism | fiat-backed | crypto-backed |
| Backing | Cash reserves (Paxos) | Overcollateralized CDP |
| Chains deployed | 6 | 1 |
| Primary chain | X Layer | Solana |
| Issuer | Paxos Trust Company | — |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDG and USX?
Both track USD, so they compete for the same use cases. USDG holds cash reserves (paxos); USX holds overcollateralized cdp. USDG ranks #7 by USD value and USX ranks #20.
Which is bigger, USDG or USX?
USDG is larger, with $3.42B in circulation vs $506.6M for USX. That's roughly 6.7× the size.
Is USDG safer than USX?
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; USX uses a crypto-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USDG and USX?
Yes. USDG and USX 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 USX?
The right choice depends on your use case. Consider: which chain do you need? USDG is available on 6 chains and USX on 1. 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.