U vs USYC
United Stables and Circle USYC, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and U/USYC spread
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United Stables is a dollar-denominated token tracked across 4 chains. No verified issuer disclosure is on file, so its collateral and legal structure score conservatively.
Verdict band: Adequate
Circle USYC 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 | 72 | 74 | USYC |
|---|---|---|---|---|
| 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 | $38.63B | $2.40B | U |
| 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 | −0.067% | 0.000% | USYC |
| 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 | $1.56B | $2.40B | USYC |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 4 chains | 2 chains | U |
| Best available yieldUpside — but every extra point above T-bills is paid for with risk. | ●●2 of 5 | 8.00% | 3.29% | U |
"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
USYC scores higher on safety (74 vs 72), driven mainly by collateral quality and disclosure. U has deeper tracked liquidity ($38.63B), which is what determines whether you can exit at size. U currently earns up to 8.00% — 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: U or USYC?
Capital preservation over everything else.
For park cash safely, USYC is the better fit over U.
- Safety score 74 vs 72, with collateral rated 55/100.
- Current peg deviation 0.000% against -0.067% for U.
- No material depeg recorded for USYC 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
U
- 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.
- Yield venue risk: 8.00% is earned outside the token itself.
- Chain concentration: 71% of supply sits on BSC.
USYC
- 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: 3.29% is earned outside the token itself.
- Chain concentration: 98% of supply sits on BSC.
| Metric | U | USYC |
|---|---|---|
| Category | Stablecoin | Stablecoin |
| Issuer | Undisclosed | Undisclosed |
| Jurisdiction | Not documented | Not documented |
| Collateral | crypto-backed | fiat-backed |
| Peg mechanism | crypto-backed | fiat-backed |
| Attestation | none | none |
| Redemption | market-only | market-only |
| Price | $0.9993 | $1.1390 |
| Peg deviation | −0.067% | 0.000% |
| Market cap | $1.56B | $2.40B |
| 7d supply change | +6.32% | −1.19% |
| Liquidity | $38.63B | $2.40B |
| Best yield | 8.00% (bitway-earn · BSC) | 3.29% (circle-usyc · BSC) |
| Chains | 4 | 2 |
| Launched | — | — |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (U vs USYC)
- -1226.3 bps
- $0.9993 vs $1.1390
- Peg deviation gap
- 0.067 pp
- U −0.067% · USYC 0.000%
- Yield spread
- +4.71%
- U 8.00% · USYC 3.29%
- Liquidity ratio
- 16.07×
- $38.63B vs $2.40B
A round trip between U and USYC costs roughly the market spread plus venue fees. At 1226.3 bps of price gap, swapping $1M implies about $122.6K of price impact before fees — usually only worth it if the peg gap or yield spread is durable, not intraday noise.
Chain coverage
U is live on 4 chains, USYC on 2. 2 chains carry both, so bridging is only unavoidable for the 2 networks where just one of them is deployed.
| Chain | U | USYC | Both available |
|---|---|---|---|
| $1.11B | $2.36B | Yes | |
| $365.91M | $41.94M | Yes | |
| $54.96M | — | U only | |
| $29.98M | — | U only |
U vs USYC: frequently asked questions
Is U or USYC safer?
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On our composite safety score USYC rates 74/100 versus 72/100 for U. 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 U and USYC?
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United Stables is issued by Undisclosed (Not documented), backed by crypto-backed, with redemption terms: market-only. Circle USYC is issued by Undisclosed (Not documented), backed by fiat-backed, with redemption terms: market-only. Attestation coverage is "none" for U and "none" for USYC.
Which has the bigger market cap, U or USYC?
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USYC is larger at $2.40B in circulating supply, against $1.56B for the other. Over the last 7 days supply moved +6.32% for U and −1.19% for USYC.
Are U and USYC trading at $1.00 right now?
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U trades at $0.9993 (−0.067% off peg) and USYC at $1.1390 (0.000% off peg). The gap between the two is about 1226.3 basis points, which is the cost you pay when rotating size between them before fees.
Has U or USYC ever depegged?
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U: no material depeg recorded in our incident set. USYC: 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, U or USYC?
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For block size the constraint is exit liquidity and primary redemption, not headline supply. U shows deeper on-chain liquidity at $38.63B versus $2.40B. Combine that with the redemption channel — U: market-only; USYC: market-only — and size trades against the primary window rather than the order book where possible.
Can I earn yield on U or USYC?
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U currently shows the higher rate at 8.00% via bitway-earn · BSC, against 3.29% via circle-usyc · BSC for USYC. 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 U and USYC?
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Both are deployed on 2 shared networks, including BSC, Ethereum. U spans 4 chains in total and USYC spans 2. 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 U to USYC?
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Budget three components: the current price spread of roughly 1226.3 bps, swap or venue fees, and slippage against available depth ($38.63B for U, $2.40B for USYC). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is U or USYC regulated?
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U is issued from Not documented with none; USYC 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.