HostUSDAT vs TRUSD — price, size and safety, side by side
USDAT (Ethereum) vs TRUSD (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-10-17 / 2026-10-17.
USDAT vs TRUSD — normalized performance, 2026-09-07 to 2026-10-17T03:15:24
| USDAT | TRUSD | |
|---|---|---|
| Price | $0.9995 | $0.9991 |
| Market cap | $82.51M | $74.43M |
| 24h volume | $701.69K DEX | $1.50M DEX |
| Liquidity | $4.70M | $4.08M |
| FDV | $82.56M | $74.43M |
| Holders | 1,639 | 486 |
| Age (days) | 169 | 44 |
| Safety grade | B | B |
Where they differ
- TRUSD measures ~2.1× the 24h volume of USDAT
- USDAT measures ~3.4× the holder count of TRUSD
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 October 6, 2026 snapshot reads $4.7 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.
TRUSD
trUSD is a smaller fiat-backed dollar — the stablecoin of a modest issuer in a field where the top three names control almost everything. The deployment 0xd0580192e98ea6ceb9c7b6191ed2e27560911697 is the Ethereum mint; our October 6, 2026 snapshot reads $4.1 million of tracked pool liquidity.
The honest framing for a small stable is different than for a small token: a stablecoin's entire product is trust — attestations, redemption rails, reserve quality — and scale is how that trust gets battle-tested. trUSD's depth is real but the asset class it competes in is one where the incumbents' attestations have been inspected for years and a minor issuer's haven't.
FAQ
Which is bigger, USDAT or TRUSD?
By tracked market cap: USDAT (Ethereum) measures $82.51M and TRUSD (Ethereum) measures $74.43M — dated snapshots, not a live feed.
Which is safer, USDAT or TRUSD?
On the contract checks we publish: USDAT (Ethereum) grades B and TRUSD (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDAT and TRUSD performed over the shared window?
Between 2026-09-07 and 2026-10-17T03:15:24, the measured snapshots show USDAT at −0.06% and TRUSD at −0.16%.
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, 2026-09-07→2026-10-17T03:15:24; 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.