YLDS vs Usual USD โ side-by-side comparison of supply, chains, backing, and peg data.
Over the last 30 days YLDS supply moved +23.0% and USD0 -0.3% โ YLDS grew faster. YLDS held the tighter band: worst deviation 8 bps against 18 bps.
| Metric | YLDS | USD0 |
|---|---|---|
| USD circulation value | $656.3M | $550.8M |
| Rank (by USD value) | #18 | #19 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | Tokenized US Treasuries (SEC registered) | Tokenized US Treasuries (Usual) |
| Chains deployed | 4 | 2 |
| Primary chain | Ethereum | Ethereum |
| Issuer | Figure Markets | Usual |
| CoinGecko | View โ | View โ |
Both track USD, so they compete for the same use cases. YLDS holds tokenized us treasuries (sec registered); USD0 holds tokenized us treasuries (usual). YLDS ranks #18 by USD value and USD0 ranks #19.
YLDS is larger, with $656.3M in circulation vs $550.8M for USD0. That's roughly 1.2ร 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. Both use a fiat-backed model, so the difference sits in the issuer and the reserves rather than the design. Read each issuer's most recent reserve attestation before choosing.
Yes. YLDS and USD0 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? YLDS is available on 4 chains and USD0 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.