INVESCO USTB vs YLDS
Invesco USTB and YLDS, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and INVESCO USTB/YLDS spread
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Invesco USTB issues dollar-denominated tokenized real-world assets across 3 chains. Value shown is on-chain assets under management.
Verdict band: Adequate
YLDS is a dollar-denominated token tracked across 2 chains. No verified issuer disclosure is on file, so its collateral and legal structure score conservatively.
Verdict band: Adequate
| Safety scoreComposite of collateral, peg, liquidity, issuer and track record. | ●●●●●5 of 5 | 64 | 62 | INVESCO USTB |
|---|---|---|---|---|
| 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 | $12.34M | YLDS |
| 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 | 0.000% | 0.000% | Tie |
| 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 | $558.20M | $509.65M | INVESCO USTB |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 3 chains | 2 chains | INVESCO USTB |
| 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
INVESCO USTB scores higher on safety (64 vs 62), driven mainly by collateral quality and disclosure. YLDS has deeper tracked liquidity ($12.34M), 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: INVESCO USTB or YLDS?
Capital preservation over everything else.
For park cash safely, INVESCO USTB edges out YLDS — but it is close enough that either works.
- Safety score 64 vs 62, with collateral rated 55/100.
- Current peg deviation 0.000% against 0.000% for YLDS.
- No material depeg recorded for INVESCO USTB 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
INVESCO USTB
- Issuer and banking risk: reserves sit with Invesco USTB under Not documented rules.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Attestation cadence: monthly.
- Chain concentration: 99% of supply sits on Ethereum.
YLDS
- 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.
- Chain concentration: 95% of supply sits on Provenance.
| Metric | INVESCO USTB | YLDS |
|---|---|---|
| Category | Tokenized Treasury | Stablecoin |
| Issuer | Invesco USTB | Undisclosed |
| Jurisdiction | Not documented | Not documented |
| Collateral | treasuries | fiat-backed |
| Peg mechanism | asset-backed | fiat-backed |
| Attestation | monthly | none |
| Redemption | gated | market-only |
| Price | $1.0000 | $0.9999 |
| Peg deviation | 0.000% | 0.000% |
| Market cap | $558.20M | $509.65M |
| 7d supply change | +2.88% | +2.97% |
| Liquidity | $0.00 | $12.34M |
| Best yield | None | None |
| Chains | 3 | 2 |
| Launched | — | — |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (INVESCO USTB vs YLDS)
- +1.1 bps
- $1.0000 vs $0.9999
- Peg deviation gap
- 0.000 pp
- INVESCO USTB 0.000% · YLDS 0.000%
- Yield spread
- +0.00%
- INVESCO USTB — · YLDS —
- Liquidity ratio
- 0.00×
- $0.00 vs $12.34M
A round trip between INVESCO USTB and YLDS costs roughly the market spread plus venue fees. At 1.1 bps of price gap, swapping $1M implies about $107.96 of price impact before fees — usually only worth it if the peg gap or yield spread is durable, not intraday noise.
Chain coverage
INVESCO USTB is live on 3 chains, YLDS on 2. 0 chains carry both, so bridging is only unavoidable for the 5 networks where just one of them is deployed.
| Chain | INVESCO USTB | YLDS | Both available |
|---|---|---|---|
| $550.37M | — | INVESCO USTB only | |
| — | $484.41M | YLDS only | |
| — | $25.24M | YLDS only | |
| $3.92M | — | INVESCO USTB only | |
| $3.91M | — | INVESCO USTB only |
INVESCO USTB vs YLDS: frequently asked questions
Is INVESCO USTB or YLDS safer?
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On our composite safety score INVESCO USTB rates 64/100 versus 62/100 for YLDS. The score weighs collateral quality (treasuries vs fiat-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 INVESCO USTB and YLDS?
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Invesco USTB is issued by Invesco USTB (Not documented), backed by treasuries, with redemption terms: gated. YLDS is issued by Undisclosed (Not documented), backed by fiat-backed, with redemption terms: market-only. Attestation coverage is "monthly" for INVESCO USTB and "none" for YLDS.
Which has the bigger market cap, INVESCO USTB or YLDS?
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INVESCO USTB is larger at $558.20M in circulating supply, against $509.65M for the other. Over the last 7 days supply moved +2.88% for INVESCO USTB and +2.97% for YLDS.
Are INVESCO USTB and YLDS trading at $1.00 right now?
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INVESCO USTB trades at $1.0000 (0.000% off peg) and YLDS at $0.9999 (0.000% off peg). The gap between the two is about 1.1 basis points, which is the cost you pay when rotating size between them before fees.
Has INVESCO USTB or YLDS ever depegged?
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INVESCO USTB: no material depeg recorded in our incident set. YLDS: 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, INVESCO USTB or YLDS?
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For block size the constraint is exit liquidity and primary redemption, not headline supply. YLDS shows deeper on-chain liquidity at $12.34M versus $0.00. Combine that with the redemption channel — INVESCO USTB: gated; YLDS: market-only — and size trades against the primary window rather than the order book where possible.
Can I earn yield on INVESCO USTB or YLDS?
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Neither INVESCO USTB nor YLDS 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 INVESCO USTB and YLDS?
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They currently share no common network in our data: INVESCO USTB is deployed on 3 chain(s) and YLDS on 2. Moving between them requires a bridge or a centralised venue.
What does it cost to switch from INVESCO USTB to YLDS?
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Budget three components: the current price spread of roughly 1.1 bps, swap or venue fees, and slippage against available depth ($0.00 for INVESCO USTB, $12.34M for YLDS). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is INVESCO USTB or YLDS regulated?
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INVESCO USTB is issued from Not documented with monthly; YLDS 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.