USDE→
USDYIf had 's mcap →
#20 · USDE
#40 · USDY
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
USDE→
USDYMULTIPLIER▼ 2.06xGAP$2.54B
FOR CONTEXT
$2.39B compared to the world
About this comparison
This page compares the market capitalizations of Ethena USDe (USDE) and Ondo US Dollar Yield (USDY). With Ethena USDe currently at $0.9990 per coin and a market cap of $4.93B, and Ondo US Dollar Yield at $1.15 with a market cap of $2.39B, applying Ondo US Dollar Yield's market cap to Ethena USDe's circulating supply produces a hypothetical USDE price of $0.4849 — a 0.49x move from current.
Ethena USDe: Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
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 Ondo US Dollar Yield's market cap, what would the price be?
If Ethena USDe (USDE) had Ondo US Dollar Yield's (USDY) current market cap of $2.39B, each USDE would be worth approximately $0.4849 based on the circulating supply of 4,933,965,105 USDE. That is 0.49x 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 $4.93B, ranking #20 by market capitalization. Each USDE trades at $0.9990.
What is the current market cap of Ondo US Dollar Yield?
Ondo US Dollar Yield (USDY) currently has a market cap of $2.39B, ranking #40 by market capitalization. Each USDY trades at $1.15.
How does USDE compare to USDY?
Ethena USDe's market cap of $4.93B sits well below Ondo US Dollar Yield's $2.39B. For USDE to reach USDY's current valuation, the price would need to move 0.49x 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.