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

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Ethena USDtbUSDTB

Fiat-backedPegged USD

MCap

$775.67M

30d

-19.50%

Chains

2

Ethena USDeUSDE

Crypto-backedPegged USD

MCap

$3.95B

30d

-11.95%

Chains

21

Comparison Matrix

Live supply metrics normalized side by side.

Metric	USDTB	USDE	Δ
Market Cap	$775.67M	$3.95B	-80.4%
24h Supply	+0.00%	+0.22%	-0.22pp
30d Supply	-19.50%	-11.95%	-7.55pp
Chain Count	2	21	-19

Supply Over Time

USDTB vs USDE, USD circulating.

USDTB top chains

Chain	Supply	Share
Ethereum	$727.19M	x 93.8%
Solana	$48.13M	x 6.2%

USDE top chains

Chain	Supply	Share
Ethereum	$2.40B	x 60.8%
Solana	$538.05M	x 13.6%
Base	$239.06M	x 6.0%
BSC	$213.40M	x 5.4%
Plasma	$162.50M	x 4.1%
TON	$120.37M	x 3.0%