VENUEVERITAS

Compare · Ready with disclosure

What is actually behind USDS vs DAI?

Evidence decomposition only. No safer / best / winner / recommended framing.

Published with disclosure — at least one side has incomplete composition evidence; unresolved states are preserved.

Backing

USDS

Over-collateralized

DAI

Over-collateralized

Issuer

USDS

Sky Protocol smart contracts (no corporate e-money issuer)

DAI

Sky Protocol smart contracts (no corporate e-money issuer)

Peg

USDS

USD

DAI

USD

Reserve disclosure

USDS

Aug 29, 2026 · 4 categories · Current verified

DAI

Aug 29, 2026 · 3 categories · Current verified

Assurance

USDS

Other

DAI

Other

Redemption

USDS

No · Protocol paths only (vault / PSM / DAI converter)

DAI

No · Protocol paths only

Control

USDS

Mint: Yes · Freeze: No · Blacklist: No · Pause: Unknown · Upgrade: Yes · Governance: Yes

DAI

Mint: Yes · Freeze: No · Blacklist: No · Pause: Unknown · Upgrade: Unknown · Governance: Yes

Regulation

USDS

No single corporate issuer licence row for USDS.

DAI

No corporate EMI row for DAI.

Evidence recency

USDS

Current verified · verified Aug 29, 2026

DAI

Current verified · verified Aug 29, 2026

Allowed evidence conclusions

  • Shared Vat — compare wrappers/controls, not separate reserve piles
  • More explicit control-plane disclosure

USDS detailDAI detailIndex

Evidence compare only. No safety ranking. Unresolved states preserved.