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

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TetherUSDT

Fiat-backedPegged USD

MCap

$184.11B

30d

-1.26%

Chains

98

USD CoinUSDC

Fiat-backedPegged USD

MCap

$73.38B

30d

-1.92%

Chains

121

Comparison Matrix

Live supply metrics normalized side by side.

Metric	USDT	USDC	Δ
Market Cap	$184.11B	$73.38B	+150.9%
24h Supply	+0.02%	+0.15%	-0.13pp
30d Supply	-1.26%	-1.92%	+0.66pp
Chain Count	98	121	-23

Supply Over Time

USDT vs USDC, USD circulating.

USDT top chains

Chain	Supply	Share
Tron	$89.68B	x 48.7%
Ethereum	$76.11B	x 41.3%
BSC	$9.18B	x 5.0%
Solana	$2.91B	x 1.6%
Polygon	$917.82M	x 0.5%
Arbitrum	$913.14M	x 0.5%

USDC top chains

Chain	Supply	Share
Ethereum	$47.06B	x 64.1%
Solana	$7.01B	x 9.6%
Hyperliquid L1	$6.08B	x 8.3%
Base	$4.25B	x 5.8%
Arbitrum	$2.23B	x 3.0%
Polygon	$1.80B	x 2.5%