BITUSD vs SATUSD
bitSmiley USD and River Stablecoin, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and BITUSD/SATUSD spread
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bitSmiley USD is a dollar-denominated token tracked across 1 chains. No verified issuer disclosure is on file, so its collateral and legal structure score conservatively.
Verdict band: Caution
River Stablecoin 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: Caution
| Safety scoreComposite of collateral, peg, liquidity, issuer and track record. | ●●●●●5 of 5 | 54 | 49 | BITUSD |
|---|---|---|---|---|
| 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 | $0.00 | $9.95M | SATUSD |
| 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 | −0.013% | −0.525% | BITUSD |
| 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 | $253.5K | $136.19M | SATUSD |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 1 chains | 10 chains | SATUSD |
| Best available yieldUpside — but every extra point above T-bills is paid for with risk. | ●●2 of 5 | None | None | Tie |
"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
BITUSD scores higher on safety (54 vs 49), driven mainly by collateral quality and disclosure. SATUSD has deeper tracked liquidity ($9.95M), which is what determines whether you can exit at size.
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: BITUSD or SATUSD?
Capital preservation over everything else.
For park cash safely, BITUSD is the better fit over SATUSD.
- Safety score 54 vs 49, with collateral rated 55/100.
- Current peg deviation -0.013% against -0.525% for SATUSD.
- No material depeg recorded for BITUSD 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
BITUSD
- 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.
- Chain concentration: 100% of supply sits on Bitlayer.
SATUSD
- 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 | BITUSD | SATUSD |
|---|---|---|
| Category | Stablecoin | Stablecoin |
| Issuer | Undisclosed | Undisclosed |
| Jurisdiction | Not documented | Not documented |
| Collateral | crypto-backed | crypto-backed |
| Peg mechanism | crypto-backed | crypto-backed |
| Attestation | none | none |
| Redemption | market-only | market-only |
| Price | $0.9999 | $0.9948 |
| Peg deviation | −0.013% | −0.525% |
| Market cap | $253.5K | $136.19M |
| 7d supply change | 0.00% | −8.49% |
| Liquidity | $0.00 | $9.95M |
| Best yield | None | None |
| Chains | 1 | 10 |
| Launched | — | — |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (BITUSD vs SATUSD)
- +51.5 bps
- $0.9999 vs $0.9948
- Peg deviation gap
- -0.512 pp
- BITUSD −0.013% · SATUSD −0.525%
- Yield spread
- +0.00%
- BITUSD — · SATUSD —
- Liquidity ratio
- 0.00×
- $0.00 vs $9.95M
A round trip between BITUSD and SATUSD costs roughly the market spread plus venue fees. At 51.5 bps of price gap, swapping $1M implies about $5.1K of price impact before fees — usually only worth it if the peg gap or yield spread is durable, not intraday noise.
Chain coverage
BITUSD is live on 1 chains, SATUSD on 10. 1 chains carry both, so bridging is only unavoidable for the 9 networks where just one of them is deployed.
| Chain | BITUSD | SATUSD | Both available |
|---|---|---|---|
| — | $78.94M | SATUSD only | |
| — | $20.25M | SATUSD only | |
| — | $12.32M | SATUSD only | |
| — | $10.74M | SATUSD only | |
| — | $8.39M | SATUSD only | |
| — | $4.93M | SATUSD only | |
| — | $415.1K | SATUSD only | |
| $253.5K | $49.3K | Yes | |
| — | $130.3K | SATUSD only | |
| — | $33.6K | SATUSD only |
BITUSD vs SATUSD: frequently asked questions
Is BITUSD or SATUSD safer?
+
On our composite safety score BITUSD rates 54/100 versus 49/100 for SATUSD. The score weighs collateral quality (crypto-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 BITUSD and SATUSD?
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bitSmiley USD is issued by Undisclosed (Not documented), backed by crypto-backed, with redemption terms: market-only. River Stablecoin is issued by Undisclosed (Not documented), backed by crypto-backed, with redemption terms: market-only. Attestation coverage is "none" for BITUSD and "none" for SATUSD.
Which has the bigger market cap, BITUSD or SATUSD?
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SATUSD is larger at $136.19M in circulating supply, against $253.5K for the other. Over the last 7 days supply moved 0.00% for BITUSD and −8.49% for SATUSD.
Are BITUSD and SATUSD trading at $1.00 right now?
+
BITUSD trades at $0.9999 (−0.013% off peg) and SATUSD at $0.9948 (−0.525% off peg). The gap between the two is about 51.5 basis points, which is the cost you pay when rotating size between them before fees.
Has BITUSD or SATUSD ever depegged?
+
BITUSD: no material depeg recorded in our incident set. SATUSD: 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, BITUSD or SATUSD?
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For block size the constraint is exit liquidity and primary redemption, not headline supply. SATUSD shows deeper on-chain liquidity at $9.95M versus $0.00. Combine that with the redemption channel — BITUSD: market-only; SATUSD: market-only — and size trades against the primary window rather than the order book where possible.
Can I earn yield on BITUSD or SATUSD?
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Neither BITUSD nor SATUSD currently has a tracked yield venue in our dataset. Holding either in a wallet pays nothing; any advertised rate comes from lending or liquidity provision on top, with its own risk.
Which chains support both BITUSD and SATUSD?
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Both are deployed on 1 shared network, including Bitlayer. BITUSD spans 1 chains in total and SATUSD spans 10. 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 BITUSD to SATUSD?
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Budget three components: the current price spread of roughly 51.5 bps, swap or venue fees, and slippage against available depth ($0.00 for BITUSD, $9.95M for SATUSD). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is BITUSD or SATUSD regulated?
+
BITUSD is issued from Not documented with none; SATUSD 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.