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

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Ethena USDeUSDE

Crypto-backedPegged USD

MCap

$4.49B

30d

+11.65%

Chains

20

USD CoinUSDC

Fiat-backedPegged USD

MCap

$74.90B

30d

-2.56%

Chains

125

Comparison Matrix

Live supply metrics normalized side by side.

Metric	USDE	USDC	Δ
Market Cap	$4.49B	$74.90B	-94.0%
24h Supply	+0.06%	-0.02%	+0.08pp
30d Supply	+11.65%	-2.56%	+14.21pp
Chain Count	20	125	-105

Supply Over Time

USDE vs USDC, USD circulating.

USDE top chains

Chain	Supply	Share
Ethereum	$2.70B	x 60.1%
Solana	$555.22M	x 12.4%
MegaETH	$429.31M	x 9.6%
BSC	$250.22M	x 5.6%
TON	$171.77M	x 3.8%
Plasma	$117.28M	x 2.6%

USDC top chains

Chain	Supply	Share
Ethereum	$47.86B	x 63.9%
Solana	$7.57B	x 10.1%
Hyperliquid L1	$6.06B	x 8.1%
Base	$4.24B	x 5.7%
Arbitrum	$2.47B	x 3.3%
Polygon	$1.84B	x 2.5%