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

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First Digital USDFDUSD

Fiat-backedPegged USD

MCap

$346.22M

30d

-1.52%

Chains

5

TetherUSDT

Fiat-backedPegged USD

MCap

$184.10B

30d

-1.26%

Chains

98

Comparison Matrix

Live supply metrics normalized side by side.

Metric	FDUSD	USDT	Δ
Market Cap	$346.22M	$184.10B	-99.8%
24h Supply	-0.29%	+0.02%	-0.31pp
30d Supply	-1.52%	-1.26%	-0.26pp
Chain Count	5	98	-93

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	$89.68B	x 48.7%
Ethereum	$76.13B	x 41.4%
BSC	$9.18B	x 5.0%
Solana	$2.91B	x 1.6%
Polygon	$917.72M	x 0.5%
Arbitrum	$913.21M	x 0.5%