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

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Ethena USDeUSDE

Crypto-backedPegged USD

MCap

$4.00B

30d

-11.07%

Chains

21

First Digital USDFDUSD

Fiat-backedPegged USD

MCap

$346.22M

30d

-1.52%

Chains

5

Comparison Matrix

Live supply metrics normalized side by side.

Metric	USDE	FDUSD	Δ
Market Cap	$4.00B	$346.22M	+1054.4%
24h Supply	-0.71%	-0.29%	-0.42pp
30d Supply	-11.07%	-1.52%	-9.55pp
Chain Count	21	5	+16

Supply Over Time

USDE vs FDUSD, USD circulating.

USDE top chains

Chain	Supply	Share
Ethereum	$2.54B	x 63.5%
Solana	$540.14M	x 13.5%
Base	$246.47M	x 6.2%
Plasma	$170.69M	x 4.3%
BSC	$168.47M	x 4.2%
TON	$120.32M	x 3.0%

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%