EVM
Layer 2 (Ethereum)
on Ethereum
Plasma
$971M
total stablecoin supply · 4 September 2026
Ethereum L2 dedicated to Tether's USDT ecosystem. All supply on Plasma is USDT, making it the first purpose-built stablecoin L2.
Network Details
| Launched | 2024 |
| Consensus | Optimistic Rollup (OP Stack) |
| Parent chain | Ethereum |
| EVM | Yes |
| Website | plasma.finance |
Stablecoins on Plasma
3 stablecoins with at least $1M supply · ranked by supply on this chain
| # | Stablecoin | Type | Supply on Plasma |
|---|---|---|---|
| 1 | USDT Tether | Fiat | $658M |
| 2 | USDe Ethena USDe | Crypto | $254M |
| 3 | YZUSD Yuzu USD | Crypto | $58M |
Frequently Asked Questions
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What stablecoins are available on Plasma?Plasma hosts 3 stablecoins with at least $1M supply, totalling $971M as of 4 September 2026. The largest are: USDT, USDe, YZUSD.
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What is the total stablecoin supply on Plasma?The total stablecoin supply on Plasma is $971M as of 4 September 2026.
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Is Plasma EVM-compatible?Yes, Plasma is EVM-compatible, meaning Ethereum tools and wallets work natively.
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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.