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

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Ethena USDeUSDE

Crypto-backedPegged USD

MCap

$3.97B

30d

-11.14%

Chains

21

TetherUSDT

Fiat-backedPegged USD

MCap

$183.90B

30d

-0.58%

Chains

99

Comparison Matrix

Live supply metrics normalized side by side.

Metric	USDE	USDT	Δ
Market Cap	$3.97B	$183.90B	-97.8%
24h Supply	-0.18%	-0.19%	+0.01pp
30d Supply	-11.14%	-0.58%	-10.56pp
Chain Count	21	99	-78

Supply Over Time

USDE vs USDT, USD circulating.

USDE top chains

Chain	Supply	Share
Ethereum	$2.43B	x 61.3%
Solana	$537.27M	x 13.5%
Base	$258.82M	x 6.5%
Robinhood Chain	$183.48M	x 4.6%
BSC	$168.52M	x 4.2%
Plasma	$154.39M	x 3.9%

USDT top chains

Chain	Supply	Share
Tron	$89.73B	x 48.8%
Ethereum	$75.60B	x 41.1%
BSC	$9.18B	x 5.0%
Solana	$3.33B	x 1.8%
Arbitrum	$887.39M	x 0.5%
Aptos	$887.00M	x 0.5%