Tether vs Solstice USX โ side-by-side comparison of supply, chains, backing, and peg data.
Over the last 30 days USDT supply moved -0.6% and USX -2.1% โ USDT grew faster. USX held the tighter band: worst deviation 10 bps against 14 bps.
| Metric | USDT | USX |
|---|---|---|
| USD circulation value | $183.08B | $506.6M |
| Rank (by USD value) | #1 | #20 |
| Peg | USD | USD |
| Mechanism | fiat-backed | crypto-backed |
| Backing | Cash & T-bills | Overcollateralized CDP |
| Chains deployed | 130 | 1 |
| Primary chain | Tron | Solana |
| Issuer | Tether Limited | โ |
| CoinGecko | View โ | View โ |
Both track USD, so they compete for the same use cases. USDT holds cash & t-bills; USX holds overcollateralized cdp. USDT ranks #1 by USD value and USX ranks #20.
USDT is larger, with $183.08B in circulation vs $506.6M for USX. That's roughly 361.4ร 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. USDT uses a fiat-backed model; USX uses a crypto-backed one. Read each issuer's most recent reserve attestation before choosing.
Yes. USDT 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.
The right choice depends on your use case. Consider: which chain do you need? USDT is available on 130 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.