USDE vs USDC: Supply, Peg & Chains | Sharpe Terminal

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Ethena USDeUSDE

Crypto-backedPegged USD

Supply

$4.87B

30d

+18.60%

Chains

21

USD CoinUSDC

Fiat-backedPegged USD

Supply

$75.25B

30d

+2.27%

Chains

116

Comparison Matrix

Live supply metrics normalized side by side.

Metric	USDE	USDC	Δ
Supply at Peg	$4.87B	$75.25B	-93.5%
24h Supply	+0.58%	+1.23%	-0.65pp
30d Supply	+18.60%	+2.27%	+16.33pp
Chain Count	21	116	-95

Supply Over Time

USDE vs USDC, USD circulating.

USDE top chains

Chain	Supply	Share
Ethereum	$2.71B	x 55.6%
Solana	$505.43M	x 10.4%
Plasma	$505.04M	x 10.4%
Base	$367.81M	x 7.5%
Robinhood Chain	$353.18M	x 7.3%
TON	$178.87M	x 3.7%

USDC top chains

Chain	Supply	Share
Ethereum	$46.38B	x 61.6%
Solana	$7.91B	x 10.5%
Hyperliquid L1	$7.24B	x 9.6%
Base	$4.28B	x 5.7%
Arbitrum	$2.21B	x 2.9%
Polygon	$1.62B	x 2.1%