HostPYUSD vs USDT — price, size and safety, side by side
PYUSD (Ethereum) vs USDT (BNB Chain) — 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.
PYUSD vs USDT — normalized performance, 2026-09-15 to 2026-10-17T06:15:22
| PYUSD | USDT | |
|---|---|---|
| Price | $0.9987 | $0.9991 |
| Market cap | $2.87B | $9.19B |
| 24h volume | $22.51M DEX | $1.12B DEX |
| Liquidity | $61.19M | $548.60M |
| FDV | $1.76B | $9.19B |
| Holders | 111,057 | 80,624,971 |
| Age (days) | 268 | 311 |
| Safety grade | B | B |
Where they differ
- USDT measures ~3.2× the market cap of PYUSD
- USDT measures ~9.0× the liquidity of PYUSD
- USDT measures ~50× the 24h volume of PYUSD
- USDT measures ~726× the holder count of PYUSD
What the data says
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.
USDT
USDT on BSC is Tether's dollar on the chain that still clears a meaningful share of stablecoin volume — issued by Binance's peg mechanism under the BEP-20 standard at 0x55d398326f99059ff775485246999027b3197955, the canonical BSC mint. Our October 9, 2026 snapshot reads $548.6 million of tracked pool liquidity.
The honest chain note: this is a pegged representation — the reserve sits with Tether, and the BSC contract is Binance's wrapped issuance of that claim, not a second Tether mint. That makes its risk profile two-layered: Tether's attestation cadence underneath, plus the bridge-custody layer Binance operates on top. For most users the distinction never matters; for anyone holding size it is the entire question.
FAQ
Which is bigger, PYUSD or USDT?
By tracked market cap: PYUSD (Ethereum) measures $2.87B and USDT (BNB Chain) measures $9.19B — dated snapshots, not a live feed.
Which is safer, PYUSD or USDT?
On the contract checks we publish: PYUSD (Ethereum) grades B and USDT (BNB Chain) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have PYUSD and USDT performed over the shared window?
Between 2026-09-15 and 2026-10-17T06:15:22, the measured snapshots show PYUSD at −0.21% and USDT at +0.14%.
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, 2026-09-15→2026-10-17T06:15:22; 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.