HostUSDG vs WM — price, size and safety, side by side
USDG (Solana) vs WM (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 WM — normalized performance, 2026-09-08 to 2026-09-17T20:24:07
| USDG | WM | |
|---|---|---|
| Price | $0.9997 | $0.9998 |
| Market cap | $609.30M | — |
| 24h volume | $45.35M | $4.05M |
| Liquidity | $35.30M | $5.00M |
| FDV | $609.30M | — |
| Holders | 20,746 | — |
| Age (days) | — | 711 |
| Safety grade | A | B |
Where they differ
- USDG measures ~7.1× the liquidity of WM
- USDG measures ~11× the 24h volume of WM
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.
WM
Wrapped M is M^0's portable institutional dollar — the bridged representation of the M stablecoin, which is itself issued against T-bill collateral under a framework designed for institutional minters. The deployment 0x437cc33344a0b27a429f795ff6b469c72698b291 is the wrapped mint on Ethereum; our August 19, 2026 snapshot reads $5.0 million of tracked pool liquidity.
The honest framing: wM is a claim on M, and M is a claim on a collateral book operated under M^0's rules — so the holder sits two layers from the T-bills, one more than a USDC holder does. The design's pitch is interoperability (M is meant to power bespoke stablecoins); the cost is that the custody chain is longer than the marketing implies.
FAQ
Which is bigger, USDG or WM?
By tracked market cap: USDG (Solana) measures $609.30M and WM (Ethereum) measures — — dated snapshots, not a live feed.
Which is safer, USDG or WM?
On the contract checks we publish: USDG (Solana) grades A and WM (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDG and WM performed over the shared window?
Between 2026-09-08 and 2026-09-17T20:24:07, the measured snapshots show USDG at −0.02% and WM at 0.00%.
More comparisons
USDG vs RYYUSDG vs FKBUSDG vs CRDUSDG vs RDKWM vs RYYWM vs FKBWM vs CRDWM 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.