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

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TetherUSDT

Fiat-backedPegged USD

MCap

$183.90B

30d

-0.58%

Chains

99

Sky DollarUSDS

Crypto-backedPegged USD

MCap

$6.65B

30d

-19.09%

Chains

4

Comparison Matrix

Live supply metrics normalized side by side.

Metric	USDT	USDS	Δ
Market Cap	$183.90B	$6.65B	+2666.3%
24h Supply	-0.19%	+0.04%	-0.23pp
30d Supply	-0.58%	-19.09%	+18.51pp
Chain Count	99	4	+95

Supply Over Time

USDT vs USDS, USD circulating.

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%

USDS top chains

Chain	Supply	Share
Ethereum	$6.54B	x 98.3%
Arbitrum	$99.77M	x 1.5%
Solana	$10.44M	x 0.2%
Base	$2.02M	x 0.0%