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

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First Digital USDFDUSD

Fiat-backedPegged USD

MCap

$353.98M

30d

-12.79%

Chains

5

TetherUSDT

Fiat-backedPegged USD

MCap

$188.17B

30d

-0.59%

Chains

102

Comparison Matrix

Live supply metrics normalized side by side.

Metric	FDUSD	USDT	Δ
Market Cap	$353.98M	$188.17B	-99.8%
24h Supply	-3.28%	-0.26%	-3.02pp
30d Supply	-12.79%	-0.59%	-12.20pp
Chain Count	5	102	-97

Supply Over Time

FDUSD vs USDT, USD circulating.

FDUSD top chains

Chain	Supply	Share
Ethereum	$244.72M	x 69.1%
BSC	$57.82M	x 16.3%
Sui	$43.58M	x 12.3%
Solana	$8.53M	x 2.4%
Arbitrum	$44.74K	x 0.0%

USDT top chains

Chain	Supply	Share
Tron	$88.89B	x 47.2%
Ethereum	$81.26B	x 43.2%
BSC	$9.18B	x 4.9%
Solana	$2.56B	x 1.4%
Arbitrum	$996.39M	x 0.5%
Polygon	$859.81M	x 0.5%