HostUSDS vs STETH — price, size and safety, side by side
USDS (Ethereum) vs STETH (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-10-16 / 2026-10-16.
USDS vs STETH — normalized performance, 2026-09-21 to 2026-10-16T21:15:32
| USDS | STETH | |
|---|---|---|
| Price | $1.00 | $2.46K |
| Market cap | $10.13B | $24.20B |
| 24h volume | $951.99K DEX | $6.05M DEX |
| Liquidity | $89.39M | $74.96M |
| FDV | $7.02B | $24.16B |
| Holders | 17,461 | — |
| Age (days) | 763 | 1,549 |
| Safety grade | B | B |
Where they differ
- STETH measures ~2.4× the market cap of USDS
- STETH measures ~6.4× the 24h volume of USDS
What the data says
USDS
USDS Stablecoin, known by the ticker USDS, is an asset on the Ethereum blockchain. Its contract address is 0xdc035d45d973e3ec169d2276ddab16f1e407384f. This snapshot of USDS Stablecoin was taken on October 6, 2026.
As of this snapshot, USDS Stablecoin has a market cap of $10.1 billion and a fully-diluted valuation of $7.0 billion, with a total supply of 6.6 billion tokens. It has a 24-hour trading volume of $718.2 thousand and tracked pool liquidity of $89.4 million. The token is 748 days old. HostDeFi assigned a safety grade of B to USDS Stablecoin at this snapshot, noting that the pool depth for a token of this size is thin.
STETH
stETH is the receipt that made Ethereum staking liquid — deposit ETH with Lido, receive stETH, and the balance re-bases upward daily as staking rewards accrue. The contract at 0xae7ab96520de3a18e5e111b5eaab095312d7fe84 is the canonical deployment; our October 9, 2026 snapshot reads $75.0 million of tracked pool liquidity, against only about $1.5 million of recorded daily volume in this pair set. That thin on-chain turnover is the honest kind: stETH's real exit is the redemption path through Lido itself plus deep exchange books, not the DEX pools our sampler measures.
The risk shape is the one every liquid-staking token carries: stETH is a claim on staked ETH, not ETH — it has traded visibly under par before (June 2022, when withdrawal uncertainty met a leverage unwind), and its value rests on Lido's validator set, Ethereum's exit queue, and the redemption machinery that ultimately anchors it. A rebase token also confuses some wallets, DeFi pools and tax tools — the count in your balance literally changes daily, which is exactly the friction its wrapped sibling wstETH exists to remove.
FAQ
Which is bigger, USDS or STETH?
By tracked market cap: USDS (Ethereum) measures $10.13B and STETH (Ethereum) measures $24.20B — dated snapshots, not a live feed.
Which is safer, USDS or STETH?
On the contract checks we publish: USDS (Ethereum) grades B and STETH (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDS and STETH performed over the shared window?
Between 2026-09-21 and 2026-10-16T21:15:32, the measured snapshots show USDS at +0.34% and STETH at −2.08%.
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→2026-10-16T21:15:32; 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.