EVM
Layer 2 (Ethereum)
on Ethereum
Plasma
$1.3B
total stablecoin supply · source: DefiLlama · 13 April 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
5 stablecoins with at least $1M supply · ranked by supply on this chain · source: DefiLlama
| # | Stablecoin | Type | Supply on Plasma |
|---|---|---|---|
| 1 | USDT Tether | Fiat | $953M |
| 2 | USDe Ethena USDe | Crypto | $337M |
| 3 | YZUSD Yuzu USD | Crypto | $63M |
| 4 | USDai USD.AI | Crypto | $7M |
| 5 | MSUSD Metronome Synth USD | Crypto | $2M |
Frequently Asked Questions
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What stablecoins are available on Plasma?Plasma hosts 5 stablecoins with at least $1M supply, totalling $1.3B as of 13 April 2026. The largest are: USDT, USDe, YZUSD, USDai, MSUSD.
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What is the total stablecoin supply on Plasma?The total stablecoin supply on Plasma is $1.3B as of 13 April 2026, according to DefiLlama.
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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 (Ethereum) built on Ethereum. It inherits Ethereum's security while providing lower fees and faster transactions.