Stablechain Race — native supply

Stablecoin-first chains, ranked by stablecoin supply actually on-chain. The new cohort only.

Updated — · Sep 21, 06:24 PM

Source: stablecoins.llama.fi (free API) · Arc via unofficial mainnet mirror

USDT sideUSDC sidemixed

Plasma USDT

$1.3B

XPL gas · live since 2025 — the incumbent of the cohort

Arc USDC

$625.1M

Circle chain · gated mainnet — not indexed by DefiLlama; our mirror data

Tempo mixed

$228.9M

Stripe / Paradigm chain

Codex USDC

$50M

stablecoin-first L2

Stable USDT0

$26.6M

gas = USDT0 · home of $FEFER — first chain stress-tested by a memecoin

Native stablecoin supply on stablecoin-first chains. Ethereum/Tron excluded on purpose — this board tracks the NEW cohort. Arc is not indexed by DefiLlama (gated mainnet, no public RPC) — its number comes from the same unofficial mirror as the Arc Watch board, cross-checked against independent onchain analysis. Hover any bar for exact value and source. History accrues per refresh.