HostXAUT vs USDE — price, size and safety, side by side
XAUT (Ethereum) vs USDE (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-10-16 / 2026-10-17.
XAUT vs USDE — normalized performance, 2026-10-06 to 2026-10-16T21:15:32
| XAUT | USDE | |
|---|---|---|
| Price | $4.15K | $1.00 |
| Market cap | $3.39B | $4.80B |
| 24h volume | $3.92M DEX | $15.40M DEX |
| Liquidity | $13.84M | $13.17M |
| FDV | $3.47B | $4.80B |
| Holders | — | 48,976 |
| Age (days) | 376 | 84 |
| Safety grade | B | B |
Where they differ
- USDE measures ~3.9× the 24h volume of XAUT
What the data says
XAUT
There's a small gap on this page — XAUT's contract flags weren't fully confirmed as of 2026-10-09. So rather than assume anything either way, it's worth a direct check, and the scanner above reads it live in a couple of seconds before you trade.
On the trading data, XAUT shows $13.84M of on-chain liquidity and an established 376-day history as of 2026-10-09. Set the $13.84M pool against roughly $3.39B in market cap and the picture sharpens — depth is shallow for the size, so trades move the price more than the chart suggests and getting out cleanly takes care.
USDE
USDe is Ethena's synthetic dollar — a stablecoin that holds its peg not with bank deposits but with a delta-neutral trade: spot crypto collateral (staked ETH, liquid stables) hedged by short perpetual futures, so the portfolio's dollar value stays flat whatever the market does. The contract 0x4c9edd5852cd905f086c759e8383e09bff1e68b3 is the canonical Ethereum deployment — USDe also exists on Solana under a different mint, where it is one of the deeper stable pools in our corpus. Our October 9, 2026 read shows $13.2 million of tracked pool liquidity on the mainnet venues.
The honest mechanics: USDe's yield is not magic — it is the funding-rate spread between staking yield and the perp market's willingness to pay longs, and that spread can and does go negative. When funding flips, Ethena pays the hedge instead of earning it, and the carry can invert into a slow bleed. The second layer is counterparty: the short positions sit on offshore exchanges through settlement custody, so exchange failures or frozen collateral are real, non-theoretical risks — the design survived the October 2025 liquidation cascade, which is evidence, not a guarantee. It is also not the same risk shape as UST: USDe is fully collateralized at inception; the failure mode is a sustained negative-funding grind plus a custody break, not a mint-redeem death spiral.
FAQ
Which is bigger, XAUT or USDE?
By tracked market cap: XAUT (Ethereum) measures $3.39B and USDE (Ethereum) measures $4.80B — dated snapshots, not a live feed.
Which is safer, XAUT or USDE?
On the contract checks we publish: XAUT (Ethereum) grades B and USDE (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have XAUT and USDE performed over the shared window?
Between 2026-10-06 and 2026-10-16T21:15:32, the measured snapshots show XAUT at +0.02% and USDE at −0.03%.
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, 2026-10-06→2026-10-16T21:15:32; 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.