HostUSD0++ vs ALETH — price, size and safety, side by side
USD0++ (Ethereum) vs ALETH (Optimism) — 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.
USD0++ vs ALETH — normalized performance, 2026-09-21 to 2026-10-17T03:15:24
| USD0++ | ALETH | |
|---|---|---|
| Price | $0.9747 | $2.36K |
| Market cap | — | $20.45M |
| 24h volume | $4.15 DEX | $38.35K DEX |
| Liquidity | $5.33M | $2.21M |
| FDV | $504.34M | $4.29M |
| Holders | 2,713 | 4,163 |
| Age (days) | 528 | 1,199 |
| Safety grade | B | B |
Where they differ
- USD0++ measures ~2.4× the liquidity of ALETH
- ALETH measures ~9,240× the 24h volume of USD0++
- ALETH measures ~1.5× the holder count of USD0++
- over the shared window USD0++ moved −0.60% while ALETH moved −10.5%
What the data says
USD0++
USD0++ is Usual Protocol's bonded T-bill — the yield-bearing form of its USD0 stablecoin, structured as a liquid bond that locks the underlying for a term and pays boosted yield for the commitment. The deployment 0x35d8949372d46b7a3d5a56006ae77b215fc69bc0 is the mint; our October 9, 2026 snapshot reads $5.3 million of tracked pool liquidity.
The honest mechanics: the "++" is duration — USD0++ trades instant redeemability for a locked term in exchange for protocol yield, which means it can and does trade below the dollar value of the USD0 inside it when the market marks that lock-up at a discount. A holder isn't buying a stablecoin; they're buying a bond with a market price.
ALETH
ALETH at 0x3e29d3a9316dab217754d13b28646b76607c5f04 is Alchemix's ETH claim on Optimism — the ether-denominated sibling of the protocol's self-repaying dollar, a receipt whose backing is a yield-bearing ETH position. The October 9, 2026 snapshot prices a $20.5 million asset-wide market cap against a $4.3 million fully-diluted read of the local float — and that float is just 1.7 thousand claims, a small book by any measure.
Inside the small book the depth is real: $2.2 million of tracked pool liquidity reads deep against the local float, on $68.1 thousand of 24-hour volume. The record runs 1,181 days — the same vintage as its dollar sibling, both surviving deployments of a protocol that has long since gone through its hype cycle.
FAQ
Which is bigger, USD0++ or ALETH?
By tracked market cap: USD0++ (Ethereum) measures — and ALETH (Optimism) measures $20.45M — dated snapshots, not a live feed.
Which is safer, USD0++ or ALETH?
On the contract checks we publish: USD0++ (Ethereum) grades B and ALETH (Optimism) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USD0++ and ALETH performed over the shared window?
Between 2026-09-21 and 2026-10-17T03:15:24, the measured snapshots show USD0++ at −0.60% and ALETH at −10.5%.
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, 2026-09-21→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.