If ... had ...'s mcap →
About this comparison
This page compares the market capitalizations of Ethena USDe (USDE) and Bitcoin (BTC). With Ethena USDe currently at $0.9990 per coin and a market cap of $4.44B, and Bitcoin at $77,609.00 with a market cap of $1.55T, applying Bitcoin's market cap to Ethena USDe's circulating supply produces a hypothetical USDE price of $349.59 — a 350x move from current.
Ethena USDe: Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
Bitcoin: Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.
Frequently asked
If Ethena USDe had Bitcoin's market cap, what would the price be?
If Ethena USDe (USDE) had Bitcoin's (BTC) current market cap of $1.55T, each USDE would be worth approximately $349.59 based on the circulating supply of 4,446,106,209 USDE. That is 350x the current USDE price of $0.9990.
What is the current market cap of Ethena USDe?
Ethena USDe (USDE) currently has a market cap of $4.44B, ranking #24 by market capitalization. Each USDE trades at $0.9990.
What is the current market cap of Bitcoin?
Bitcoin (BTC) currently has a market cap of $1.55T, ranking #1 by market capitalization. Each BTC trades at $77,609.00.
How does USDE compare to BTC?
Ethena USDe's market cap of $4.44B sits far above Bitcoin's $1.55T. For USDE to reach BTC's current valuation, the price would need to move 350x 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 Ethena USDe'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.