HostUSD0++ vs USDAT — price, size and safety, side by side
USD0++ (Ethereum) vs USDAT (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.
USD0++ vs USDAT — normalized performance, 2026-09-08 to 2026-10-17T03:15:24
| USD0++ | USDAT | |
|---|---|---|
| Price | $0.9747 | $0.9995 |
| Market cap | — | $82.51M |
| 24h volume | $4.15 DEX | $701.69K DEX |
| Liquidity | $5.33M | $4.70M |
| FDV | $504.34M | $82.56M |
| Holders | 2,713 | 1,639 |
| Age (days) | 528 | 169 |
| Safety grade | B | B |
Where they differ
- USDAT measures ~169,072× the 24h volume of USD0++
- USD0++ measures ~1.7× the holder count of USDAT
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.
USDAT
USDat is Ethena and Anchorage's GENIUS-compliant dollar — the stablecoin built specifically to fit the US stablecoin law's rails, issued through a federally-chartered crypto bank rather than a foreign issuer. The deployment 0x23238f20b894f29041f48d88ee91131c395aaa71 is the Ethereum mint; our October 6, 2026 snapshot reads $4.7 million of tracked pool liquidity.
The honest note: GENIUS-compliant is a regulatory shape, not a risk verdict — it means the reserve structure (T-bills, qualified custodian, redemption terms) is defined by the same law that governs every US-compliant stable, which makes USDAT's backing more legible than most but no more guaranteed. What it buys Ethena is a US-legal distribution path for the stable stack that made USDe; what it buys a holder is boring, verifiable reserves.
FAQ
Which is bigger, USD0++ or USDAT?
By tracked market cap: USD0++ (Ethereum) measures — and USDAT (Ethereum) measures $82.51M — dated snapshots, not a live feed.
Which is safer, USD0++ or USDAT?
On the contract checks we publish: USD0++ (Ethereum) grades B and USDAT (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USD0++ and USDAT performed over the shared window?
Between 2026-09-08 and 2026-10-17T03:15:24, the measured snapshots show USD0++ at +0.32% and USDAT at −0.09%.
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.