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

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Ethena USDeUSDE

Crypto-backedPegged USD

MCap

$4.50B

30d

+18.23%

Chains

20

TetherUSDT

Fiat-backedPegged USD

MCap

$188.17B

30d

-0.59%

Chains

102

Comparison Matrix

Live supply metrics normalized side by side.

Chain	Supply	Share
Tron	$88.89B	x 47.2%
Ethereum	$81.26B	x 43.2%
BSC	$9.18B	x 4.9%
Solana	$2.56B	x 1.4%
Arbitrum	$996.39M	x 0.5%
Polygon	$859.81M	x 0.5%

Supply Over Time

USDE vs USDT, USD circulating.

USDE top chains

Chain	Supply	Share
Ethereum	$2.82B	x 62.7%
Solana	$524.78M	x 11.7%
MegaETH	$415.58M	x 9.2%
BSC	$253.08M	x 5.6%
TON	$171.80M	x 3.8%
Plasma	$124.09M	x 2.8%

USDT top chains

Chain	Supply	Share
Tron	$88.89B	x 47.2%
Ethereum	$81.26B	x 43.2%
BSC	$9.18B	x 4.9%
Solana	$2.56B	x 1.4%
Arbitrum	$996.39M	x 0.5%
Polygon	$859.81M	x 0.5%