HostUSD0++ vs WSTETH — price, size and safety, side by side
USD0++ (Ethereum) vs WSTETH (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 WSTETH — normalized performance, 2026-09-08 to 2026-10-17T03:15:24
| USD0++ | WSTETH | |
|---|---|---|
| Price | $0.9747 | $3.02K |
| Market cap | — | $11.49B |
| 24h volume | $4.15 DEX | $11.82M DEX |
| Liquidity | $5.33M | $48.32M |
| FDV | $504.34M | $11.44B |
| Holders | 2,713 | 39,244 |
| Age (days) | 528 | 386 |
| Safety grade | B | B |
Where they differ
- WSTETH measures ~9.1× the liquidity of USD0++
- WSTETH measures ~2,848,973× the 24h volume of USD0++
- WSTETH measures ~14× the holder count of USD0++
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.
WSTETH
wstETH is stETH made legible to DeFi — the same claim on Lido-staked Ether, wrapped so the balance stops moving: where stETH re-bases your token count upward each day, wstETH holds a fixed count and lets the exchange rate against stETH do the appreciating. That is the shape lending markets, bridges and LPs need, which is why the contract at 0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0 became the canonical collateral form — our October 9, 2026 snapshot reads $48.3 million of tracked pool liquidity on it.
The verdict therefore inherits stETH's, plus one wrapper-layer note. You hold a claim on staked ETH via Lido — subject to its validator set, Ethereum's exit queue, and stETH's own depeg memory (June 2022, when it traded visibly under par) — and the price shown for wstETH is stETH's price times a steadily growing conversion rate, so it will always quote above ETH while tracking correctly. Nothing about that is a defect; it is the mechanic to understand before reading the quote as a premium.
FAQ
Which is bigger, USD0++ or WSTETH?
By tracked market cap: USD0++ (Ethereum) measures — and WSTETH (Ethereum) measures $11.49B — dated snapshots, not a live feed.
Which is safer, USD0++ or WSTETH?
On the contract checks we publish: USD0++ (Ethereum) grades B and WSTETH (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USD0++ and WSTETH performed over the shared window?
Between 2026-09-08 and 2026-10-17T03:15:24, the measured snapshots show USD0++ at +0.32% and WSTETH at −1.78%.
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.