USDTvsGHO
Tether vs GHO — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDT — Tether
GHO — GHO
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days USDT supply moved -0.6% and GHO +16.7% — GHO grew faster. USDT held the tighter band: worst deviation 14 bps against 26 bps.
Key differences
- USDT is roughly 262.5× larger than GHO by USD circulation value ($183.08B vs $697.5M).
- USDT ranks #1 while GHO ranks #17 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- USDT is a fiat-backed stablecoin; GHO is crypto-backed. Different mechanism, different failure modes.
- Reserves differ — USDT holds cash & t-bills, GHO holds overcollateralized (aave).
- USDT is deployed on 130 chains — much broader coverage than GHO's 2.
- Primary chain differs — most USDT supply lives on Tron, while most GHO supply is on Ethereum.
Full comparison table
| Metric | USDT | GHO |
|---|---|---|
| USD circulation value | $183.08B | $697.5M |
| Rank (by USD value) | #1 | #17 |
| Peg | USD | USD |
| Mechanism | fiat-backed | crypto-backed |
| Backing | Cash & T-bills | Overcollateralized (Aave) |
| Chains deployed | 130 | 2 |
| Primary chain | Tron | Ethereum |
| Issuer | Tether Limited | Aave |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDT and GHO?
Both track USD, so they compete for the same use cases. USDT holds cash & t-bills; GHO holds overcollateralized (aave). USDT ranks #1 by USD value and GHO ranks #17.
Which is bigger, USDT or GHO?
USDT is larger, with $183.08B in circulation vs $697.5M for GHO. That's roughly 262.5× the size.
Is USDT safer than GHO?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. USDT uses a fiat-backed model; GHO uses a crypto-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USDT and GHO?
Yes. USDT 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.
Should I choose USDT or GHO?
The right choice depends on your use case. Consider: which chain do you need? USDT is available on 130 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.