HostUSD0++ vs ALUSD — price, size and safety, side by side
USD0++ (Ethereum) vs ALUSD (Optimism) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-27 / 2026-09-26.
USD0++ vs ALUSD — normalized performance, 2026-09-21 to 2026-09-26T18:07:24
| USD0++ | ALUSD | |
|---|---|---|
| Price | $0.9731 | $0.9538 |
| Market cap | — | $9.99M |
| 24h volume | $4.15 | $1.92K |
| Liquidity | $5.46M | $1.14M |
| FDV | $504.34M | $1.61M |
| Holders | 2,713 | 5,630 |
| Age (days) | 528 | 1,181 |
| Safety grade | B | B |
Where they differ
- USD0++ measures ~4.8× the liquidity of ALUSD
- ALUSD measures ~462× the 24h volume of USD0++
- ALUSD measures ~2.1× 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 September 27, 2026 snapshot reads $5.5 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.
ALUSD
ALUSD at 0xcb8fa9a76b8e203d8c3797bf438d8fb81ea3326a is Alchemix's USD on Optimism — the dollar that backs the protocol's self-repaying loan structure, where deposited collateral's yield amortizes the borrow. The September 26, 2026 snapshot prices a $10.0 million asset-wide market cap against a $1.6 million fully-diluted read of the local float of 1.7 million units — a small Optimism slice of a multi-chain stable.
The local book is deeper than it looks and quieter than it should be: $1.1 million of tracked depth reads deep against that float, while $1.9 thousand of 24-hour volume is a nearly dormant tape — the pool exists; the flow mostly does not. For an exit-sized holder that pairing is the real information: depth on paper, and a tape that rarely tests it.
FAQ
Which is bigger, USD0++ or ALUSD?
By tracked market cap: USD0++ (Ethereum) measures — and ALUSD (Optimism) measures $9.99M — dated snapshots, not a live feed.
Which is safer, USD0++ or ALUSD?
On the contract checks we publish: USD0++ (Ethereum) grades B and ALUSD (Optimism) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USD0++ and ALUSD performed over the shared window?
Between 2026-09-21 and 2026-09-26T18:07:24, the measured snapshots show USD0++ at 0.00% and ALUSD at −0.24%.
More comparisons
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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→2026-09-26T18:07:24; 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 NexFlow product.