AUSD vs KAIO
Agora Dollar and KAIO, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and AUSD/KAIO spread
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Agora Dollar is a dollar-denominated token tracked across 10 chains. No verified issuer disclosure is on file, so its collateral and legal structure score conservatively.
Verdict band: Adequate
KAIO issues dollar-denominated tokenized real-world assets across 8 chains. Value shown is on-chain assets under management.
Verdict band: Adequate
| Safety scoreComposite of collateral, peg, liquidity, issuer and track record. | ●●●●●5 of 5 | 71 | 61 | AUSD |
|---|---|---|---|---|
| Collateral qualityWhat actually backs the token, and how liquid that backing is. | ●●●●●5 of 5 | 55 | 55 | Tie |
| Exit liquidityWhether you can leave at size without moving the price. | ●●●●●5 of 5 | $828.69M | $0.00 | AUSD |
| Issuer & legal standingRegulatory perimeter, disclosure quality and redemption rights. | ●●●●4 of 5 | 48 | 48 | Tie |
| Peg tightness (live)Absolute distance from $1.00 right now — smaller is better. | ●●●●4 of 5 | −0.052% | 0.000% | KAIO |
| Worst recorded depegHow badly the token has broken before, as a stress precedent. | ●●●●4 of 5 | None recorded | None recorded | Tie |
| Track recordYears live and behaviour through past stress events. | ●●●●4 of 5 | 53 | 53 | Tie |
| Scale / market capBigger float usually means broader venue support and tighter spreads. | ●●●3 of 5 | $234.53M | $41.28M | AUSD |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 10 chains | 8 chains | AUSD |
| Best available yieldUpside — but every extra point above T-bills is paid for with risk. | ●●2 of 5 | 10.31% | None | AUSD |
"Matters" is our weighting of how much each dimension typically drives a real allocation decision. Sort any column to re-rank the tradeoffs by what matters to you.
The short answer
AUSD scores higher on safety (71 vs 61), driven mainly by collateral quality and disclosure. AUSD has deeper tracked liquidity ($828.69M), which is what determines whether you can exit at size. AUSD currently earns up to 10.31% — remember that any rate above the T-bill yield is payment for a risk.
If both are fiat-reserve tokens, note that holding both is not diversification: they share the same short-dated Treasury and banking exposure. Genuine diversification means mixing collateral structures.
Which one fits your goal: AUSD or KAIO?
Capital preservation over everything else.
For park cash safely, AUSD edges out KAIO — but it is close enough that either works.
- Safety score 71 vs 61, with collateral rated 55/100.
- Current peg deviation -0.052% against 0.000% for KAIO.
- No material depeg recorded for AUSD in our incident log.
Concentrating in one issuer is a single point of failure regardless of score. Split across collateral structures.
Key risks, side by side
AUSD
- Issuer and banking risk: reserves sit with Undisclosed under Not documented rules.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Limited public attestation of reserves.
- Yield venue risk: 10.31% is earned outside the token itself.
KAIO
- Issuer and banking risk: reserves sit with KAIO under Not documented rules.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Attestation cadence: monthly.
| Metric | AUSD | KAIO |
|---|---|---|
| Category | Stablecoin | Tokenized Treasury |
| Issuer | Undisclosed | KAIO |
| Jurisdiction | Not documented | Not documented |
| Collateral | fiat-backed | treasuries |
| Peg mechanism | fiat-backed | asset-backed |
| Attestation | none | monthly |
| Redemption | market-only | gated |
| Price | $0.9995 | $1.0000 |
| Peg deviation | −0.052% | 0.000% |
| Market cap | $234.53M | $41.28M |
| 7d supply change | +1.08% | +0.01% |
| Liquidity | $828.69M | $0.00 |
| Best yield | 10.31% (curvance · Monad) | None |
| Chains | 10 | 8 |
| Launched | — | — |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (AUSD vs KAIO)
- -5.2 bps
- $0.9995 vs $1.0000
- Peg deviation gap
- 0.052 pp
- AUSD −0.052% · KAIO 0.000%
- Yield spread
- +10.31%
- AUSD 10.31% · KAIO —
- Liquidity ratio
- —
- $828.69M vs $0.00
A round trip between AUSD and KAIO costs roughly the market spread plus venue fees. At 5.2 bps of price gap, swapping $1M implies about $519.85 of price impact before fees — usually only worth it if the peg gap or yield spread is durable, not intraday noise.
Chain coverage
AUSD is live on 10 chains, KAIO on 8. 5 chains carry both, so bridging is only unavoidable for the 8 networks where just one of them is deployed.
| Chain | AUSD | KAIO | Both available |
|---|---|---|---|
| $132.62M | — | AUSD only | |
| $75.55M | — | AUSD only | |
| $8.81M | $7.24M | Yes | |
| — | $14.68M | KAIO only | |
| — | $7.27M | KAIO only | |
| $3.27M | $3.00M | Yes | |
| $1.87M | $4.06M | Yes | |
| $5.15M | — | AUSD only | |
| $3.39M | $774.4K | Yes | |
| — | $4.00M | KAIO only | |
| $3.26M | $258.1K | Yes | |
| $518.7K | — | AUSD only | |
| $100.6K | — | AUSD only |
AUSD vs KAIO: frequently asked questions
Is AUSD or KAIO safer?
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On our composite safety score AUSD rates 71/100 versus 61/100 for KAIO. The score weighs collateral quality (fiat-backed vs treasuries), redemption rights, attestation quality, peg history and liquidity depth. A higher score is not a guarantee: both remain issuer-credit and smart-contract exposures, not insured bank deposits.
What is the difference between AUSD and KAIO?
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Agora Dollar is issued by Undisclosed (Not documented), backed by fiat-backed, with redemption terms: market-only. KAIO is issued by KAIO (Not documented), backed by treasuries, with redemption terms: gated. Attestation coverage is "none" for AUSD and "monthly" for KAIO.
Which has the bigger market cap, AUSD or KAIO?
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AUSD is larger at $234.53M in circulating supply, against $41.28M for the other. Over the last 7 days supply moved +1.08% for AUSD and +0.01% for KAIO.
Are AUSD and KAIO trading at $1.00 right now?
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AUSD trades at $0.9995 (−0.052% off peg) and KAIO at $1.0000 (0.000% off peg). The gap between the two is about 5.2 basis points, which is the cost you pay when rotating size between them before fees.
Has AUSD or KAIO ever depegged?
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AUSD: no material depeg recorded in our incident set. KAIO: no material depeg recorded in our incident set. Past peg behaviour under stress is the single best available proxy for how a token trades in the next crisis.
Which is better for large institutional size, AUSD or KAIO?
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For block size the constraint is exit liquidity and primary redemption, not headline supply. AUSD shows deeper on-chain liquidity at $828.69M versus $0.00. Combine that with the redemption channel — AUSD: market-only; KAIO: gated — and size trades against the primary window rather than the order book where possible.
Can I earn yield on AUSD or KAIO?
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AUSD currently shows the higher rate at 10.31% via curvance · Monad, against no tracked rate for KAIO. Neither token pays interest by holding it in a wallet: the yield comes from lending, liquidity provision or a wrapped yield-bearing version, each with its own counterparty and contract risk.
Which chains support both AUSD and KAIO?
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Both are deployed on 5 shared networks, including Immutable zkEVM, Solana, Avalanche, Polygon, Sui. AUSD spans 10 chains in total and KAIO spans 8. Bridged supply on a chain is not the same as natively issued supply, and it usually carries the bridge's risk rather than the issuer's.
What does it cost to switch from AUSD to KAIO?
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Budget three components: the current price spread of roughly 5.2 bps, swap or venue fees, and slippage against available depth ($828.69M for AUSD, $0.00 for KAIO). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is AUSD or KAIO regulated?
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AUSD is issued from Not documented with none; KAIO is issued from Not documented with monthly. Regulatory status varies by your own jurisdiction and by whether the token is offered under a specific stablecoin regime, so treat this as a starting point for diligence, not legal advice.