RWTS Compare
sUSDe vs USDC
Side-by-side Trust Score comparison based on the RWTS Rating methodology. Six dimensions of structural trust, scored independently.
Staked USDe
sUSDe
57T4
Trust Score
57
APY
3.74%
TVL
$1.92B
Higher Score
USD Coin
USDC
86T2
Trust Score
86
APY
0.00%
TVL
$74.87B
Dimension Comparison
| Dimension | sUSDe | USDC | Max | Edge |
|---|---|---|---|---|
| Asset Backing | 6 | 22+16 | 25 | USDC |
| Proof of Reserves | 16 | 16 | 20 | Tied |
| Redeemability | 9 | 13+4 | 15 | USDC |
| Audit & Security | 12 | 13+1 | 15 | USDC |
| Regulatory Standing | 7 | 15+8 | 15 | USDC |
| Track Record | 7 | 7 | 10 | Tied |
| Total | 57 | 86 | 100 | USDC+29 |
Key Facts
| Attribute | sUSDe | USDC |
|---|---|---|
| Tier | T4: Synthetic & Structured | T2: Treasury & Fiat-Backed |
| Chain | Ethereum | Ethereum |
| Risk Level | Medium | Low |
| Backing | ETH/BTC collateral + short perp positions (delta-neutral) | Cash & short-dated U.S. Treasuries (Circle Reserve Fund) |
| Protocol | Ethena | Circle |
| Lock-up | 7-day cooldown on unstaking | None (1:1 redeemable via Circle / exchanges) |
| Audited | Yes | Yes |
sUSDe Details
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USDC Details
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RWTS Methodology
How scores are calculated
This comparison is based on the RWTS Trust Score framework and is not financial advice. It does not constitute a recommendation to buy, sell, or hold either asset. Always conduct your own due diligence.