HostTBTC vs SUSDE — price, size and safety, side by side
TBTC (Ethereum) vs SUSDE (Ethereum) — 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.
TBTC vs SUSDE — normalized performance, 2026-09-08 to 2026-10-17T03:15:24
| TBTC | SUSDE | |
|---|---|---|
| Price | $82.91K | $1.25 |
| Market cap | $358.59M | $1.24B |
| 24h volume | $1.05M DEX | $1.49M DEX |
| Liquidity | $26.99M | $26.10M |
| FDV | $358.59M | $1.24B |
| Holders | 25,280 | 12,112 |
| Age (days) | 886 | 488 |
| Safety grade | B | E |
Where they differ
- SUSDE measures ~3.5× the market cap of TBTC
- TBTC measures ~2.1× the holder count of SUSDE
- over the shared window TBTC moved +6.55% while SUSDE moved +0.90%
What the data says
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 October 6, 2026 snapshot reads $27.0 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.
SUSDE
sUSDe is the yield-bearing half of Ethena's system — USDe locked in the staking contract, accruing the funding-rate and staking yield the delta-neutral hedge generates. That is why it trades above a dollar ($1.24 at our October 6, 2026 read): the price is the receipt appreciating, not a peg. The contract 0x9d39a5de30e57443bff2a8307a4256c8797a3497 is the canonical Ethereum deployment; tracked pool liquidity reads $26.1 million.
The honest mechanics: holding sUSDe means opting into the full Ethena stack — the basis-trade carry (which can go negative), the offshore-exchange custody of the hedge, plus a ~7-day unstaking cooldown on the way out. The cooldown matters in stress: sUSDe can trade at a discount to its accrued value precisely when everyone wants the exit at once. None of this is hypothetical — it is the price of the yield.
FAQ
Which is bigger, TBTC or SUSDE?
By tracked market cap: TBTC (Ethereum) measures $358.59M and SUSDE (Ethereum) measures $1.24B — dated snapshots, not a live feed.
Which is safer, TBTC or SUSDE?
On the contract checks we publish: TBTC (Ethereum) grades B and SUSDE (Ethereum) grades E. A grade is a structural check on the contract, not a promise about the asset.
How have TBTC and SUSDE performed over the shared window?
Between 2026-09-08 and 2026-10-17T03:15:24, the measured snapshots show TBTC at +6.55% and SUSDE at +0.90%.
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→2026-10-17T03:15:24; 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.