USDZ vs ZEUSD
Anzen USDz and Zoth ZeUSD, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and USDZ/ZEUSD spread
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Anzen USDz 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: Caution
Zoth ZeUSD is a dollar-denominated token tracked across 3 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 | 39 | 53 | ZEUSD |
|---|---|---|---|---|
| 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 | $0.00 | Tie |
| 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 | −4.288% | −0.025% | ZEUSD |
| 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 | $7.70M | $27.64M | ZEUSD |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 4 chains | 3 chains | USDZ |
| 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
ZEUSD scores higher on safety (53 vs 39), driven mainly by collateral quality and disclosure. USDZ has deeper tracked liquidity ($0.00), 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: USDZ or ZEUSD?
Capital preservation over everything else.
For park cash safely, ZEUSD is the better fit over USDZ.
- Safety score 53 vs 39, with collateral rated 55/100.
- Current peg deviation -0.025% against -4.288% for USDZ.
- No material depeg recorded for ZEUSD 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
USDZ
- 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: 83% of supply sits on Base.
ZEUSD
- 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: 92% of supply sits on Ethereum.
| Metric | USDZ | ZEUSD |
|---|---|---|
| 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 | $0.9571 | $0.9998 |
| Peg deviation | −4.288% | −0.025% |
| Market cap | $7.70M | $27.64M |
| 7d supply change | 0.00% | 0.00% |
| Liquidity | $0.00 | $0.00 |
| Best yield | None | None |
| Chains | 4 | 3 |
| Launched | — | — |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (USDZ vs ZEUSD)
- -426.4 bps
- $0.9571 vs $0.9998
- Peg deviation gap
- 4.263 pp
- USDZ −4.288% · ZEUSD −0.025%
- Yield spread
- +0.00%
- USDZ — · ZEUSD —
- Liquidity ratio
- —
- $0.00 vs $0.00
A round trip between USDZ and ZEUSD costs roughly the market spread plus venue fees. At 426.4 bps of price gap, swapping $1M implies about $42.6K of price impact before fees — usually only worth it if the peg gap or yield spread is durable, not intraday noise.
Chain coverage
USDZ is live on 4 chains, ZEUSD on 3. 2 chains carry both, so bridging is only unavoidable for the 3 networks where just one of them is deployed.
| Chain | USDZ | ZEUSD | Both available |
|---|---|---|---|
| $771.8K | $25.39M | Yes | |
| $6.41M | — | USDZ only | |
| $478.7K | $2.02M | Yes | |
| — | $226.8K | ZEUSD only | |
| $39.3K | — | USDZ only |
USDZ vs ZEUSD: frequently asked questions
Is USDZ or ZEUSD safer?
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On our composite safety score ZEUSD rates 53/100 versus 39/100 for USDZ. 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 USDZ and ZEUSD?
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Anzen USDz is issued by Undisclosed (Not documented), backed by fiat-backed, with redemption terms: market-only. Zoth ZeUSD is issued by Undisclosed (Not documented), backed by fiat-backed, with redemption terms: market-only. Attestation coverage is "none" for USDZ and "none" for ZEUSD.
Which has the bigger market cap, USDZ or ZEUSD?
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ZEUSD is larger at $27.64M in circulating supply, against $7.70M for the other. Over the last 7 days supply moved 0.00% for USDZ and 0.00% for ZEUSD.
Are USDZ and ZEUSD trading at $1.00 right now?
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USDZ trades at $0.9571 (−4.288% off peg) and ZEUSD at $0.9998 (−0.025% off peg). The gap between the two is about 426.4 basis points, which is the cost you pay when rotating size between them before fees.
Has USDZ or ZEUSD ever depegged?
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USDZ: no material depeg recorded in our incident set. ZEUSD: 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, USDZ or ZEUSD?
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For block size the constraint is exit liquidity and primary redemption, not headline supply. USDZ shows deeper on-chain liquidity at $0.00 versus $0.00. Combine that with the redemption channel — USDZ: market-only; ZEUSD: market-only — and size trades against the primary window rather than the order book where possible.
Can I earn yield on USDZ or ZEUSD?
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Neither USDZ nor ZEUSD 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 USDZ and ZEUSD?
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Both are deployed on 2 shared networks, including Ethereum, Manta. USDZ spans 4 chains in total and ZEUSD spans 3. 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 USDZ to ZEUSD?
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Budget three components: the current price spread of roughly 426.4 bps, swap or venue fees, and slippage against available depth ($0.00 for USDZ, $0.00 for ZEUSD). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is USDZ or ZEUSD regulated?
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USDZ is issued from Not documented with none; ZEUSD 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.