HostUSDG vs PYUSD — price, size and safety, side by side
USDG (Solana) vs PYUSD (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-10-16 / 2026-10-16.
USDG vs PYUSD — normalized performance, 2026-09-08 to 2026-10-16T18:15:28
| USDG | PYUSD | |
|---|---|---|
| Price | $0.9999 | $1.00 |
| Market cap | $670.45M | $2.87B |
| 24h volume | $78.86M DEX | $22.51M DEX |
| Liquidity | $41.19M | $61.19M |
| FDV | $670.45M | $1.76B |
| Holders | 21,226 | 111,057 |
| Age (days) | — | 268 |
| Safety grade | A | B |
Where they differ
- PYUSD measures ~4.3× the market cap of USDG
- USDG measures ~3.5× the 24h volume of PYUSD
- PYUSD measures ~5.2× the holder count of USDG
What the data says
USDG
USDG is Paxos's second dollar — the newer stablecoin issued under the same regulated umbrella as PYUSD, but built for the Global Dollar Network, a consortium where the yield on reserves gets shared with the institutions distributing it rather than kept whole by the issuer. On Solana it landed where stablecoins actually move: our October 6, 2026 snapshot shows a market cap of about $670.5 million against 21,226 tracked holders and $41.2 million of on-chain pool liquidity — the deepest profile in this batch, and the reason it grades 100/100.
The honest reading of that grade: a regulated issuer with attested reserves is exactly what the contract side wants, and the distribution deal is why exchanges list it — the incentive that made USDT and USDC entrenched is pointed at growth here. The residual is that "regulated" is a jurisdiction's word for centralized controls: the issuer can freeze balances, and that is a property of the asset, not a defect.
PYUSD
PYUSD is what a stablecoin looks like when it's built for regulators first and DeFi second. PayPal USD is issued not by PayPal directly but by Paxos Trust Company, a New York–chartered trust supervised by NYDFS, with reserves held in dollar deposits, U.S. Treasuries, and equivalents, attested monthly. The Ethereum deployment lives at 0x6c3ea9036406852006290770bedfcaba0e23a0e8, where HostDeFi's October 9, 2026 snapshot records roughly $61 million of tracked pool liquidity and $11 million of daily on-chain volume — modest next to USDC or USDT, in keeping with a coin whose primary life is inside PayPal and Venmo balances rather than on DEXes.
Read the contract powers through the regulated-issuer lens or you'll misread them as red flags. PYUSD's contract can mint (against dollars in), burn (against dollars out), pause transfers entirely, and freeze or even wipe balances at specific addresses under Paxos's asset-protection role. On an anonymous token, that list is a rug in waiting; here it is the legally mandated toolkit of a New York trust company, and NYDFS supervision is precisely the reason those powers exist. The trade you make holding PYUSD is explicit: maximum issuer accountability, in exchange for maximum issuer control.
FAQ
Which is bigger, USDG or PYUSD?
By tracked market cap: USDG (Solana) measures $670.45M and PYUSD (Ethereum) measures $2.87B — dated snapshots, not a live feed.
Which is safer, USDG or PYUSD?
On the contract checks we publish: USDG (Solana) grades A and PYUSD (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDG and PYUSD performed over the shared window?
Between 2026-09-08 and 2026-10-16T18:15:28, the measured snapshots show USDG at −0.01% and PYUSD at +0.06%.
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, 2026-09-08→2026-10-16T18:15:28; 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.