HostUSDS vs PYUSD — price, size and safety, side by side
USDS (Ethereum) vs PYUSD (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-26 / 2026-09-27.
USDS vs PYUSD — normalized performance, 2026-09-21 to 2026-09-26T18:07:24
| USDS | PYUSD | |
|---|---|---|
| Price | $1.00 | $0.9991 |
| Market cap | $9.59B | $2.78B |
| 24h volume | $718.18K | $7.44M |
| Liquidity | $83.72M | $71.03M |
| FDV | $6.61B | $1.73B |
| Holders | 17,247 | 107,969 |
| Age (days) | 748 | 250 |
| Safety grade | B | B |
Where they differ
- USDS measures ~3.5× the market cap of PYUSD
- PYUSD measures ~10× the 24h volume of USDS
- PYUSD measures ~6.3× the holder count 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 September 26, 2026.
As of this snapshot, USDS Stablecoin has a market cap of $9.6 billion and a fully-diluted valuation of $6.6 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 $83.7 million. The token is 748 days old. NexFlow 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.
PYUSD
PYUSD is what a stablecoin looks like when it's built for regulators first and DeFi second. PayPal USD is issued not by PayPal directly but by Paxos Trust Company, a New York–chartered trust supervised by NYDFS, with reserves held in dollar deposits, U.S. Treasuries, and equivalents, attested monthly. The Ethereum deployment lives at 0x6c3ea9036406852006290770bedfcaba0e23a0e8, where NexFlow's September 27, 2026 snapshot records roughly $71 million of tracked pool liquidity and $11 million of daily on-chain volume — modest next to USDC or USDT, in keeping with a coin whose primary life is inside PayPal and Venmo balances rather than on DEXes.
Read the contract powers through the regulated-issuer lens or you'll misread them as red flags. PYUSD's contract can mint (against dollars in), burn (against dollars out), pause transfers entirely, and freeze or even wipe balances at specific addresses under Paxos's asset-protection role. On an anonymous token, that list is a rug in waiting; here it is the legally mandated toolkit of a New York trust company, and NYDFS supervision is precisely the reason those powers exist. The trade you make holding PYUSD is explicit: maximum issuer accountability, in exchange for maximum issuer control.
FAQ
Which is bigger, USDS or PYUSD?
By tracked market cap: USDS (Ethereum) measures $9.59B and PYUSD (Ethereum) measures $2.78B — dated snapshots, not a live feed.
Which is safer, USDS or PYUSD?
On the contract checks we publish: USDS (Ethereum) grades B and PYUSD (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDS and PYUSD performed over the shared window?
Between 2026-09-21 and 2026-09-26T18:07:24, the measured snapshots show USDS at +0.25% and PYUSD at +0.03%.
More comparisons
USDS vs USDCCBBTC vs USDSFWWBTC vs USDSUSDS vs DAIPYUSD vs BTCBDAI vs PYUSDPYUSD vs CBBTCPYUSD vs DAI
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.