FDUSD vs USDT: Market Cap, Peg & Supply | Sharpe Terminal

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First Digital USDFDUSD

Fiat-backedPegged USD

MCap

$346.24M

30d

-1.52%

Chains

5

TetherUSDT

Fiat-backedPegged USD

MCap

$184.30B

30d

-0.98%

Chains

99

Comparison Matrix

Live supply metrics normalized side by side.

Metric	FDUSD	USDT	Δ
Market Cap	$346.24M	$184.30B	-99.8%
24h Supply	+0.00%	+0.12%	-0.12pp
30d Supply	-1.52%	-0.98%	-0.54pp
Chain Count	5	99	-94

Supply Over Time

FDUSD vs USDT, USD circulating.

FDUSD top chains

Chain	Supply	Share
Ethereum	$239.36M	x 69.1%
BSC	$55.64M	x 16.1%
Sui	$43.58M	x 12.6%
Solana	$8.53M	x 2.5%
Arbitrum	$44.74K	x 0.0%

USDT top chains

Chain	Supply	Share
Tron	$90.09B	x 48.9%
Ethereum	$75.58B	x 41.0%
BSC	$9.18B	x 5.0%
Solana	$3.33B	x 1.8%
Aptos	$887.00M	x 0.5%
Arbitrum	$881.87M	x 0.5%