HostUSDG vs TBTC — price, size and safety, side by side
USDG (Solana) vs TBTC (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-17 / 2026-09-17T20:24:07.
USDG vs TBTC — normalized performance, 2026-09-08 to 2026-09-17T20:24:07
| USDG | TBTC | |
|---|---|---|
| Price | $0.9997 | $78.83K |
| Market cap | $609.30M | — |
| 24h volume | $45.35M | $2.16M |
| Liquidity | $35.30M | $4.23M |
| FDV | $609.30M | — |
| Holders | 20,746 | — |
| Age (days) | — | 864 |
| Safety grade | A | B |
Where they differ
- USDG measures ~8.4× the liquidity of TBTC
- USDG measures ~21× the 24h volume of TBTC
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 September 16, 2026 snapshot shows a market cap of about $609.3 million against 20,746 tracked holders and $35.3 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.
TBTC
tBTC is Threshold Network's trust-minimized wrapped Bitcoin — the decentralized-custody answer to WBTC, where a rotating set of node operators secures the BTC rather than a single custodian. The deployment 0x18084fba666a33d37592fa2633fd49a74dd93a88 is the v2 mint; our September 14, 2026 snapshot reads $4.2 million of tracked pool liquidity.
The honest contrast is the whole point of the asset: tBTC trades BitGo's institutional custody for a threshold-signature committee — no single company can lose or freeze the coins, but the security model is cryptographic-economic (operator collateral) rather than legal, which is a different risk shape, not a strictly smaller one. Its depth vs WBTC's billions is the market's honest verdict on how much that trade matters to people.
FAQ
Which is bigger, USDG or TBTC?
By tracked market cap: USDG (Solana) measures $609.30M and TBTC (Ethereum) measures — — dated snapshots, not a live feed.
Which is safer, USDG or TBTC?
On the contract checks we publish: USDG (Solana) grades A and TBTC (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDG and TBTC performed over the shared window?
Between 2026-09-08 and 2026-09-17T20:24:07, the measured snapshots show USDG at −0.02% and TBTC at +1.31%.
More comparisons
USDG vs RYYUSDG vs FKBUSDG vs CRDUSDG vs RDKTBTC vs RYYTBTC vs FKBTBTC vs CRDTBTC 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, 2026-09-08→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.