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Pharos

Swellchain Stablecoins: USDe and sUSDe, Supply & Risk

Stablecoin supply, Chain Health and active deployments on Swellchain.

Chain Health methodology 1.8 · Version history →

About the Swellchain registry cohort

Swellchain has 2 active deployments across 2 stablecoins in the checked-in Pharos registry. The mapped set includes Ethena USDe (USDe) and Ethena Staked USDe (sUSDe). Each of the 2 stablecoins has one mapped contract on the network.

The Swellchain cohort's peg mix is US Dollar (2); its backing mix is Crypto (2); and its governance mix is CeFi-Dep (2). These counts classify stablecoins rather than contracts, so an asset with multiple deployments is not double-counted.

Current supply ordering, global market share, and largest-asset concentration for Swellchain come from the coordinated live snapshots below. Keeping those volatile values in the live profile lets this static overview identify the exact registry cohort without presenting a build-time concentration figure as current.

Total supply

Global share

24h

7d

30d

Chain health score

Quality (30%)—
Environment (20%)—
Concentration (20%)—
Peg Stability (20%)—
Backing Diversity (10%)—
Methodology v1.8View methodologyVersion history →

Next check

Compare the leading Swellchain stablecoins side by side, then subscribe to depeg and safety alerts for the assets you actually hold.

Taxonomy pages represented by the stablecoins deployed on this chain.

Stablecoin Research Surfaces

Use these feature pages to compare the same stablecoin set from other angles.