G.MARKETS
BTC$64,369.00+2.02%
LIVE
BTC$64,369.00▲ 2.02%ETH$1,814.68▲ 1.55%USDT$0.9994▲ 0.02%BNB$588.94▼ 0.08%USDC$0.9999▲ 0.02%XRP$1.15▲ 0.79%SOL$82.72▲ 1.23%TRX$0.3292▲ 0.36%FIGR_HELOC$1.04▼ 0.52%HYPE$71.39▲ 0.38%DOGE$0.0774▼ 0.10%USDS$0.9998▲ 0.00%RAIN$0.0151▼ 0.95%LEO$9.39▲ 1.35%ZEC$456.15▼ 1.49%ADA$0.1857▼ 2.59%XLM$0.2021▼ 0.01%WBT$57.79▲ 1.65%XMR$324.90▼ 1.15%LINK$8.08▲ 0.40%CC$0.1385▼ 1.81%BCH$247.06▲ 0.77%LAB$15.83▼ 6.72%GRAM$1.79▲ 0.54%DAI$0.9996▼ 0.01%USD1$0.9986▼ 0.04%USDE$0.9988▲ 0.02%LTC$45.40▼ 0.63%HBAR$0.0741▼ 2.32%USDG$0.9999▼ 0.01%BTC$64,369.00▲ 2.02%ETH$1,814.68▲ 1.55%USDT$0.9994▲ 0.02%BNB$588.94▼ 0.08%USDC$0.9999▲ 0.02%XRP$1.15▲ 0.79%SOL$82.72▲ 1.23%TRX$0.3292▲ 0.36%FIGR_HELOC$1.04▼ 0.52%HYPE$71.39▲ 0.38%DOGE$0.0774▼ 0.10%USDS$0.9998▲ 0.00%RAIN$0.0151▼ 0.95%LEO$9.39▲ 1.35%ZEC$456.15▼ 1.49%ADA$0.1857▼ 2.59%XLM$0.2021▼ 0.01%WBT$57.79▲ 1.65%XMR$324.90▼ 1.15%LINK$8.08▲ 0.40%CC$0.1385▼ 1.81%BCH$247.06▲ 0.77%LAB$15.83▼ 6.72%GRAM$1.79▲ 0.54%DAI$0.9996▼ 0.01%USD1$0.9986▼ 0.04%USDE$0.9988▲ 0.02%LTC$45.40▼ 0.63%HBAR$0.0741▼ 2.32%USDG$0.9999▼ 0.01%
ACTIVEBlackRock USD Institutional Digital Liquidity FundBUIDL→TetherUSDT
BUIDL WOULD BE$81.96
MULTIPLIER▲ 82.0x
TARGET MCAP$184.22B
G.MARKETS/PAIR ANALYSIS·BlackRock USD Institutional Digital Liquidity Fund logoBUIDL→Tether logoUSDT· LIVE· as of 21:55 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

BUIDL WOULD BE
$0.00000000
currently $1.00 · target mcap $184.22B
MULTIPLIER
▲0.00x

BUIDL needs a 82.0x move to match USDT's valuation

COIN PROFILES·BUIDL vs USDT
BlackRock USD Institutional Digital Liquidity Fund logo
BUIDLUnverified
BlackRock USD Institutional Digital Liquidity Fund
SOURCE
PRICE$1.00
24H CHANGE▲ 0.00%
MARKET CAP$2.25BFDV $2.25B · Fully circulating
RANK#39
SUPPLY2.2B BUIDL
DOMINANCE0.07%
7d▲ 0.00%
VS
Tether logo
USDTVerified by G.MARKETS
Tether
TARGET

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

PRICE$0.9994
24H CHANGE▲ 0.02%
MARKET CAP$184.22BFDV $189.68B · 3% supply locked
RANK#3
SUPPLY184.3B USDT
DOMINANCE6.14%
7d▲ 0.08%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
82.0x bigger
BUIDL$2.25B
USDT$184.22B
THE CLIMBBlackRock USD Institutional Digital Liquidity Fund logoBUIDL→Tether logoUSDTMULTIPLIER▲ 82.0xGAP$181.97B
$10.00B$100.00B
BlackRock USD Institutional Digital Liquidity Fund logo
SOURCEBUIDL$2.25B
Tether logo
TARGETUSDT$184.22B
Tether Gold logo
XAUT$2.55B
Cronos logo
CRO$2.74B
Sui logo
SUI$3.08B
Hedera logo
HBAR$3.24B
USD1 logo
USD1$4.53B
LAB logo
LAB$4.95B
Chainlink logo
LINK$6.04B
WhiteBIT Coin logo
WBT$6.80B
Zcash logo
ZEC$7.66B
USDS logo
USDS$11.00B
Figure Heloc logo
FIGR_HELOC$20.20B
XRP logo
XRP$71.79B
log scale · mcap in USDJul 6, 2026
BlackRock USD Institutional Digital Liquidity Fund logo
BUIDLBlackRock USD Institutional Digital Liquidity Fund
$2.25BSOURCE
Tether Gold logo
XAUT
$2.55B
Cronos logo
CRO
$2.74B
Sui logo
SUI
$3.08B
Hedera logo
HBAR
$3.24B
USD1 logo
USD1
$4.53B
LAB logo
LAB
$4.95B
Chainlink logo
LINK
$6.04B
WhiteBIT Coin logo
WBT
$6.80B
Zcash logo
ZEC
$7.66B
USDS logo
USDS
$11.00B
Figure Heloc logo
FIGR_HELOC
$20.20B
XRP logo
XRP
$71.79B
Tether logo
USDTTether
$184.22BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF BUIDL HIT USDT MCAP·TARGET $81.96
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 BUIDL$100.00$8,195.51+$8,095.51
Coffee money1K BUIDL$1,000.00$81,955.13+$80,955.13
Small bag10K BUIDL$10,000.00$819,551.28+$809,551.28
Real bag100K BUIDL$100,000.00$8,195,512.83+$8,095,512.83
Whale bag1M BUIDL$1,000,000.00$81,955,128.28+$80,955,128.28
Generational10M BUIDL$10,000,000.00$819,551,282.79+$809,551,282.79

FOR CONTEXT

$184.22B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 40.9% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 48.5% of Netflix
UberUBER
$160.00B
USDT mcap is 1.15× Uber
NikeNKE
$130.00B
USDT mcap is 1.42× Nike
StarbucksSBUX
$100.00B
USDT mcap is 1.84× Starbucks
SpotifySPOT
$90.00B
USDT mcap is 2.05× Spotify
RELATED COMPARISONS·OTHER WAYS TO ASK
BlackRock USD Institutional Digital Liquidity Fund logoBUIDL→Bitcoin logoBTCVerified by G.MARKETS
$574.88▲ 575x
BlackRock USD Institutional Digital Liquidity Fund logoBUIDL→Ethereum logoETHVerified by G.MARKETS
$97.51▲ 97.5x
BlackRock USD Institutional Digital Liquidity Fund logoBUIDL→BNB logoBNBVerified by G.MARKETS
$35.33▲ 35.3x
BlackRock USD Institutional Digital Liquidity Fund logoBUIDL→USDC logoUSDCVerified by G.MARKETS
$32.51▲ 32.5x
BlackRock USD Institutional Digital Liquidity Fund logoBUIDL→XRP logoXRPVerified by G.MARKETS
$31.94▲ 31.9x
BlackRock USD Institutional Digital Liquidity Fund logoBUIDL→Solana logoSOLVerified by G.MARKETS
$21.39▲ 21.4x

About this comparison

This page compares the market capitalizations of BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Tether (USDT). With BlackRock USD Institutional Digital Liquidity Fund currently at $1.00 per coin and a market cap of $2.25B, and Tether at $0.9994 with a market cap of $184.22B, applying Tether's market cap to BlackRock USD Institutional Digital Liquidity Fund's circulating supply produces a hypothetical BUIDL price of $81.96 — a 82.0x move from current.

Tether: Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.

Frequently asked

If BlackRock USD Institutional Digital Liquidity Fund had Tether's market cap, what would the price be?

If BlackRock USD Institutional Digital Liquidity Fund (BUIDL) had Tether's (USDT) current market cap of $184.22B, each BUIDL would be worth approximately $81.96 based on the circulating supply of 2,247,754,515 BUIDL. That is 82.0x the current BUIDL price of $1.00.

What is the current market cap of BlackRock USD Institutional Digital Liquidity Fund?

BlackRock USD Institutional Digital Liquidity Fund (BUIDL) currently has a market cap of $2.25B, ranking #39 by market capitalization. Each BUIDL trades at $1.00.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $184.22B, ranking #3 by market capitalization. Each USDT trades at $0.9994.

How does BUIDL compare to USDT?

BlackRock USD Institutional Digital Liquidity Fund's market cap of $2.25B sits well above Tether's $184.22B. For BUIDL to reach USDT's current valuation, the price would need to move 82.0x from its current level.

Is this comparison financial advice?

No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming BlackRock USD Institutional Digital Liquidity Fund's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.