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WBTC vs ALUSD — price, size and safety, side by side

WBTC (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.

WBTCC

$84.65K
Wrapped BTC on Ethereum
Trade WBTC
vs

ALUSDB

$0.9538
Alchemix USD on Optimism
Trade ALUSD

WBTC vs ALUSD — normalized performance, 2026-09-21 to 2026-09-26T18:07:24

100 — shared start
WBTC +0.17%  ·  ALUSD −0.24% — both series rebased to 100 at the first measured point in the shared window; not a raw-price chart.
WBTCALUSD
Price$84.65K$0.9538
Market cap$9.83B$9.99M
24h volume$30.16M$1.92K
Liquidity$224.32M$1.14M
FDV$9.83B$1.61M
Holders196,3065,630
Age (days)1,5831,181
Safety gradeCB

Where they differ

What the data says

WBTC

WBTC is the original wrapped Bitcoin — the ERC-20 that put BTC on Ethereum's DeFi rails in 2019, custodied by BitGo with a mint-and-burn pipeline run through KYC'd merchants. The deployment 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599 is the canonical mint, one of the oldest contract addresses in DeFi; our September 27, 2026 snapshot reads $224.3 million of tracked pool liquidity on this pair set — a slice of a float that spans every major venue.

The honest frame is unchanged since launch: holding WBTC means trusting BitGo's custody — the reserve is attested and the mint pipeline is transparent, but the claim is institutional, not cryptographic. Coinbase's cbBTC arrived as the regulated-competitor answer; the two trade the same BTC exposure with different custodians, and the depth split between them is the market's live verdict on whose custody it prefers.

Full WBTC safety read →

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.

Full ALUSD safety read →

FAQ

Which is bigger, WBTC or ALUSD?

By tracked market cap: WBTC (Ethereum) measures $9.83B and ALUSD (Optimism) measures $9.99M — dated snapshots, not a live feed.

Which is safer, WBTC or ALUSD?

On the contract checks we publish: WBTC (Ethereum) grades C and ALUSD (Optimism) grades B. A grade is a structural check on the contract, not a promise about the asset.

How have WBTC and ALUSD performed over the shared window?

Between 2026-09-21 and 2026-09-26T18:07:24, the measured snapshots show WBTC at +0.17% and ALUSD at −0.24%.

More comparisons

WBTC vs FWWETHUSDC vs WBTCWBTC vs CRVUSDWETH vs WBTCDORY vs ALUSDDEBIT vs ALUSDH vs ALUSDALUSD vs AKE

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.