Ethereum L2 dedicated to Tether's USDT ecosystem. All supply on Plasma is USDT, making it the first purpose-built stablecoin L2.
Stablecoin supply
$1.4B 0.46% of networks covered
Rank by supply
11 of 30 covered
Coins on this chain
8 3 above $1M
Largest coin's share
57.9% USDT
Concentration (HHI)
4,808 of 10,000
01
The mix
8 coins · HHI 4,808
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 Plasma
1
USDTTether
Fiat
$815M
2
USDeEthena USDe
Crypto
$533M
3
YZUSDYuzu USD
Crypto
$58M
Coins with at least $1M of supply on this chain, ranked by that supply.
5 further
coins hold smaller balances
here and are counted in the
concentration figures above but not listed.
Yes, Plasma is EVM-compatible, meaning Ethereum tools and wallets work natively.
What is Plasma built on?
Plasma 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.