HostUSDAT vs PAXG — price, size and safety, side by side
USDAT (Ethereum) vs PAXG (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-17T20:24:07 / 2026-09-17T20:24:07.
USDAT vs PAXG — normalized performance, 2026-09-14 to 2026-09-17T20:24:07
| USDAT | PAXG | |
|---|---|---|
| Price | $1.00 | $4.30K |
| Market cap | — | — |
| 24h volume | $855.20K | $2.13M |
| Liquidity | $9.30M | $6.17M |
| FDV | — | — |
| Holders | — | — |
| Age (days) | 162 | 327 |
| Safety grade | B | B |
Where they differ
- USDAT measures ~1.5× the liquidity of PAXG
- PAXG measures ~2.5× the 24h volume of USDAT
What the data says
USDAT
USDat is Ethena and Anchorage's GENIUS-compliant dollar — the stablecoin built specifically to fit the US stablecoin law's rails, issued through a federally-chartered crypto bank rather than a foreign issuer. The deployment 0x23238f20b894f29041f48d88ee91131c395aaa71 is the Ethereum mint; our September 14, 2026 snapshot reads $9.3 million of tracked pool liquidity.
The honest note: GENIUS-compliant is a regulatory shape, not a risk verdict — it means the reserve structure (T-bills, qualified custodian, redemption terms) is defined by the same law that governs every US-compliant stable, which makes USDAT's backing more legible than most but no more guaranteed. What it buys Ethena is a US-legal distribution path for the stable stack that made USDe; what it buys a holder is boring, verifiable reserves.
PAXG
PAXG is Paxos's tokenized gold — each token a claim on one fine troy ounce held in LBMA vaults in London, making it the most direct on-chain gold exposure in this index. The deployment 0x45804880de22913dafe09f4980848ece6ecbaf78 is the canonical mint; our September 14, 2026 snapshot reads $6.2 million of tracked pool liquidity.
The honest frame is the custodial one: a PAXG is only as good as Paxos's vault attestations and redemption rails — Paxos is a NYDFS-regulated trust, which puts this in the "institutional-grade claim" bucket alongside USDC rather than the commodity-fantasy bucket — but it is still a claim, and redemption has minimums most wallets will never meet. The token tracks spot gold minus the custody premium; what it cannot track is the deep liquidity of actual gold markets.
FAQ
Which is bigger, USDAT or PAXG?
By tracked market cap: USDAT (Ethereum) measures — and PAXG (Ethereum) measures — — dated snapshots, not a live feed.
Which is safer, USDAT or PAXG?
On the contract checks we publish: USDAT (Ethereum) grades B and PAXG (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDAT and PAXG performed over the shared window?
Between 2026-09-14 and 2026-09-17T20:24:07, the measured snapshots show USDAT at 0.00% and PAXG at −2.40%.
More comparisons
USDAT vs RYYUSDAT vs FKBUSDAT vs CRDUSDAT vs RDKPAXG vs RYYPAXG vs FKBPAXG vs CRDPAXG vs RDK
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-14→2026-09-17T20:24:07; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a HostDeFi product.