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

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Ethena USDeUSDE

Crypto-backedPegged USD

Supply

$3.89B

30d

-12.40%

Chains

21

USD CoinUSDC

Fiat-backedPegged USD

Supply

$72.26B

30d

-1.04%

Chains

120

Comparison Matrix

Live supply metrics normalized side by side.

Metric	USDE	USDC	Δ
Supply at Peg	$3.89B	$72.26B	-94.6%
24h Supply	+0.79%	+0.04%	+0.75pp
30d Supply	-12.40%	-1.04%	-11.36pp
Chain Count	21	120	-99

Supply Over Time

USDE vs USDC, USD circulating.

USDE top chains

Chain	Supply	Share
Ethereum	$2.31B	x 59.5%
Solana	$542.71M	x 14.0%
Base	$280.19M	x 7.2%
Robinhood Chain	$241.24M	x 6.2%
BSC	$168.66M	x 4.3%
TON	$121.88M	x 3.1%

USDC top chains

Chain	Supply	Share
Ethereum	$46.15B	x 63.9%
Solana	$7.12B	x 9.8%
Hyperliquid L1	$6.05B	x 8.4%
Base	$4.19B	x 5.8%
Arbitrum	$2.26B	x 3.1%
Polygon	$1.65B	x 2.3%