USDGO vs USYC
USDGO and Circle USYC, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and USDGO/USYC spread
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USDGO 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
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 | 53 | 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 | $0.00 | $2.98B | USYC |
| 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 | +0.023% | 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 | $1.19B | $2.98B | USYC |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 1 chains | 2 chains | USYC |
| Best available yieldUpside — but every extra point above T-bills is paid for with risk. | ●●2 of 5 | None | 3.38% | USYC |
"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 53), driven mainly by collateral quality and disclosure. USYC has deeper tracked liquidity ($2.98B), which is what determines whether you can exit at size. USYC currently earns up to 3.38% — 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: USDGO or USYC?
Capital preservation over everything else.
For park cash safely, USYC is the better fit over USDGO.
- Safety score 74 vs 53, with collateral rated 55/100.
- Current peg deviation 0.000% against 0.023% for USDGO.
- 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
USDGO
- 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: 100% of supply sits on Solana.
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: 3.38% is earned outside the token itself.
- Chain concentration: 98% of supply sits on BSC.
| Metric | USDGO | USYC |
|---|---|---|
| Category | Stablecoin | Stablecoin |
| Issuer | Undisclosed | Undisclosed |
| Jurisdiction | Not documented | Not documented |
| Collateral | fiat-backed | fiat-backed |
| Peg mechanism | fiat-backed | fiat-backed |
| Attestation | none | none |
| Redemption | market-only | market-only |
| Price | $1.0002 | $1.1344 |
| Peg deviation | +0.023% | 0.000% |
| Market cap | $1.19B | $2.98B |
| 7d supply change | +4.24% | −0.87% |
| Liquidity | $0.00 | $2.98B |
| Best yield | None | 3.38% (circle-usyc · BSC) |
| Chains | 1 | 2 |
| Launched | — | — |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (USDGO vs USYC)
- -1183.1 bps
- $1.0002 vs $1.1344
- Peg deviation gap
- 0.023 pp
- USDGO +0.023% · USYC 0.000%
- Yield spread
- -3.38%
- USDGO — · USYC 3.38%
- Liquidity ratio
- 0.00×
- $0.00 vs $2.98B
A round trip between USDGO and USYC costs roughly the market spread plus venue fees. At 1183.1 bps of price gap, swapping $1M implies about $118.3K of price impact before fees — usually only worth it if the peg gap or yield spread is durable, not intraday noise.
Chain coverage
USDGO is live on 1 chains, USYC on 2. 0 chains carry both, so bridging is only unavoidable for the 3 networks where just one of them is deployed.
| Chain | USDGO | USYC | Both available |
|---|---|---|---|
| — | $2.91B | USYC only | |
| $1.19B | — | USDGO only | |
| — | $72.71M | USYC only |
USDGO vs USYC: frequently asked questions
Is USDGO or USYC safer?
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On our composite safety score USYC rates 74/100 versus 53/100 for USDGO. The score weighs collateral quality (fiat-backed 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 USDGO and USYC?
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USDGO is issued by Undisclosed (Not documented), backed by fiat-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 USDGO and "none" for USYC.
Which has the bigger market cap, USDGO or USYC?
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USYC is larger at $2.98B in circulating supply, against $1.19B for the other. Over the last 7 days supply moved +4.24% for USDGO and −0.87% for USYC.
Are USDGO and USYC trading at $1.00 right now?
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USDGO trades at $1.0002 (+0.023% off peg) and USYC at $1.1344 (0.000% off peg). The gap between the two is about 1183.1 basis points, which is the cost you pay when rotating size between them before fees.
Has USDGO or USYC ever depegged?
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USDGO: 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, USDGO or USYC?
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For block size the constraint is exit liquidity and primary redemption, not headline supply. USYC shows deeper on-chain liquidity at $2.98B versus $0.00. Combine that with the redemption channel — USDGO: market-only; USYC: market-only — and size trades against the primary window rather than the order book where possible.
Can I earn yield on USDGO or USYC?
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USYC currently shows the higher rate at 3.38% via circle-usyc · BSC, against no tracked rate for USDGO. 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 USDGO and USYC?
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They currently share no common network in our data: USDGO is deployed on 1 chain(s) and USYC on 2. Moving between them requires a bridge or a centralised venue.
What does it cost to switch from USDGO to USYC?
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Budget three components: the current price spread of roughly 1183.1 bps, swap or venue fees, and slippage against available depth ($0.00 for USDGO, $2.98B for USYC). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is USDGO or USYC regulated?
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USDGO 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.