AUSD vs RWAUSDI
Agora Dollar and Multipli rwaUSDi, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and AUSD/RWAUSDI 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
Multipli rwaUSDi is a dollar-denominated token tracked across 7 chains. No verified issuer disclosure is on file, so its collateral and legal structure score conservatively.
Verdict band: Caution
| Safety scoreComposite of collateral, peg, liquidity, issuer and track record. | ●●●●●5 of 5 | 71 | 54 | 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 | $266.28M | $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 | −0.010% | 0.000% | RWAUSDI |
| 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 | $249.09M | $487.50M | RWAUSDI |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 10 chains | 7 chains | AUSD |
| Best available yieldUpside — but every extra point above T-bills is paid for with risk. | ●●2 of 5 | 11.28% | 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 54), driven mainly by collateral quality and disclosure. AUSD has deeper tracked liquidity ($266.28M), which is what determines whether you can exit at size. AUSD currently earns up to 11.28% — 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 RWAUSDI?
Capital preservation over everything else.
For park cash safely, AUSD is the better fit over RWAUSDI.
- Safety score 71 vs 54, with collateral rated 55/100.
- Current peg deviation -0.010% against 0.000% for RWAUSDI.
- 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: 11.28% is earned outside the token itself.
RWAUSDI
- Collateral volatility: a fast drawdown in backing assets can force liquidations.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Limited public attestation of reserves.
| Metric | AUSD | RWAUSDI |
|---|---|---|
| Category | Stablecoin | Stablecoin |
| Issuer | Undisclosed | Undisclosed |
| Jurisdiction | Not documented | Not documented |
| Collateral | fiat-backed | crypto-backed |
| Peg mechanism | fiat-backed | crypto-backed |
| Attestation | none | none |
| Redemption | market-only | market-only |
| Price | $0.9999 | $1.0001 |
| Peg deviation | −0.010% | 0.000% |
| Market cap | $249.09M | $487.50M |
| 7d supply change | −3.61% | 0.00% |
| Liquidity | $266.28M | $0.00 |
| Best yield | 11.28% (euler-v2 · Monad) | None |
| Chains | 10 | 7 |
| Launched | — | — |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (AUSD vs RWAUSDI)
- -2.2 bps
- $0.9999 vs $1.0001
- Peg deviation gap
- 0.010 pp
- AUSD −0.010% · RWAUSDI 0.000%
- Yield spread
- +11.28%
- AUSD 11.28% · RWAUSDI —
- Liquidity ratio
- —
- $266.28M vs $0.00
A round trip between AUSD and RWAUSDI costs roughly the market spread plus venue fees. At 2.2 bps of price gap, swapping $1M implies about $224.25 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, RWAUSDI on 7. 3 chains carry both, so bridging is only unavoidable for the 11 networks where just one of them is deployed.
| Chain | AUSD | RWAUSDI | Both available |
|---|---|---|---|
| $146.92M | $100.35M | Yes | |
| $75.85M | $151.68M | Yes | |
| — | $147.23M | RWAUSDI only | |
| $100.6K | $77.36M | Yes | |
| $8.84M | — | AUSD only | |
| $5.15M | — | AUSD only | |
| — | $3.94M | RWAUSDI only | |
| — | $3.72M | RWAUSDI only | |
| $3.32M | — | AUSD only | |
| $3.29M | — | AUSD only | |
| $3.26M | — | AUSD only | |
| — | $3.21M | RWAUSDI only | |
| $1.87M | — | AUSD only | |
| $478.6K | — | AUSD only |
AUSD vs RWAUSDI: frequently asked questions
Is AUSD or RWAUSDI safer?
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On our composite safety score AUSD rates 71/100 versus 54/100 for RWAUSDI. The score weighs collateral quality (fiat-backed vs crypto-backed), 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 RWAUSDI?
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Agora Dollar is issued by Undisclosed (Not documented), backed by fiat-backed, with redemption terms: market-only. Multipli rwaUSDi is issued by Undisclosed (Not documented), backed by crypto-backed, with redemption terms: market-only. Attestation coverage is "none" for AUSD and "none" for RWAUSDI.
Which has the bigger market cap, AUSD or RWAUSDI?
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RWAUSDI is larger at $487.50M in circulating supply, against $249.09M for the other. Over the last 7 days supply moved −3.61% for AUSD and 0.00% for RWAUSDI.
Are AUSD and RWAUSDI trading at $1.00 right now?
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AUSD trades at $0.9999 (−0.010% off peg) and RWAUSDI at $1.0001 (0.000% off peg). The gap between the two is about 2.2 basis points, which is the cost you pay when rotating size between them before fees.
Has AUSD or RWAUSDI ever depegged?
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AUSD: no material depeg recorded in our incident set. RWAUSDI: 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 RWAUSDI?
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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 $266.28M versus $0.00. Combine that with the redemption channel — AUSD: market-only; RWAUSDI: market-only — and size trades against the primary window rather than the order book where possible.
Can I earn yield on AUSD or RWAUSDI?
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AUSD currently shows the higher rate at 11.28% via euler-v2 · Monad, against no tracked rate for RWAUSDI. 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 RWAUSDI?
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Both are deployed on 3 shared networks, including Monad, Ethereum, Arbitrum. AUSD spans 10 chains in total and RWAUSDI spans 7. 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 RWAUSDI?
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Budget three components: the current price spread of roughly 2.2 bps, swap or venue fees, and slippage against available depth ($266.28M for AUSD, $0.00 for RWAUSDI). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is AUSD or RWAUSDI regulated?
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AUSD is issued from Not documented with none; RWAUSDI is issued from Not documented with none. 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.