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

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Ethena USDeUSDE

Crypto-backedPegged USD

MCap

$3.98B

30d

-11.14%

Chains

21

First Digital USDFDUSD

Fiat-backedPegged USD

MCap

$346.23M

30d

-0.85%

Chains

5

Comparison Matrix

Live supply metrics normalized side by side.

Metric	USDE	FDUSD	Δ
Market Cap	$3.98B	$346.23M	+1049.1%
24h Supply	-0.11%	+0.00%	-0.11pp
30d Supply	-11.14%	-0.85%	-10.29pp
Chain Count	21	5	+16

Supply Over Time

USDE vs FDUSD, USD circulating.

USDE top chains

Chain	Supply	Share
Ethereum	$2.44B	x 61.3%
Solana	$537.57M	x 13.5%
Base	$258.24M	x 6.5%
Robinhood Chain	$186.52M	x 4.7%
BSC	$168.52M	x 4.2%
Plasma	$156.31M	x 3.9%

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%