Ethereum L2 backed by Bybit and BitDAO treasury. Growing stablecoin liquidity including USDT and mETH-backed yield stablecoins.
Stablecoin supply
$549M 0.18% of networks covered
Rank by supply
17 of 30 covered
Coins on this chain
7 4 above $1M
Largest coin's share
82.3% USDT
Concentration (HHI)
6,988 of 10,000
01
The mix
7 coins · HHI 6,988
Top coin — the largest coin's share of this chain's stablecoin supply.
HHI — Herfindahl-Hirschman Index, the sum of squared percentage shares
on a 0–10,000 scale, the same definition published for the market-wide
concentration series. Both are computed over every coin with supply on the chain,
not only those listed below.
A chain's concentration measure describes only its stablecoin mix. It does not
indicate the security of the chain or the soundness of the issuers represented on it.
#
Stablecoin
Type
Supply on Mantle
1
USDTTether
Fiat
$452M
2
USDeEthena USDe
Crypto
$79M
3
USDCUSD Coin
Fiat
$13M
4
AUSDAgora Dollar
Fiat
$5M
Coins with at least $1M of supply on this chain, ranked by that supply.
3 further
coins hold smaller balances
here and are counted in the
concentration figures above but not listed.
Yes, Mantle is EVM-compatible, meaning Ethereum tools and wallets work natively.
What is Mantle built on?
Mantle is a Layer 2 built on Ethereum. It posts its data to Ethereum and inherits Ethereum’s settlement security, while offering lower fees and faster transactions.