ACTIVE

USDE→

PYUSD

USDE WOULD BE$0.6133

MULTIPLIER▼ 0.61x

TARGET MCAP$2.92B

G.MARKETS/PAIR ANALYSIS·

USDE→

PYUSD· LIVE· as of 04:00 UTC

THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

USDE WOULD BE

$0.00000000

currently $0.9993 · target mcap $2.92B

#26 · USDE$0.9993▲ 0.0%

#40 · PYUSD$0.9999▲ 0.0%

▼ 0.00x TO MATCHUSDE WOULD FALL TO 0.61x OF TODAY AT PYUSD'S VALUATION

COIN PROFILES·USDE vs PYUSD

USDEUnverified

Ethena USDe

SOURCE

Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

PRICE$0.9993

24H CHANGE▲ 0.00%

MARKET CAP$4.75BFDV $4.75B · Fully circulating

RANK#26

SUPPLY4.8B USDE

DOMINANCE0.16%

7d▼ 0.04%

PYUSDUnverified

PayPal USD

TARGET

PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S.

PRICE$0.9999

24H CHANGE▲ 0.03%

MARKET CAP$2.92BFDV $2.92B · Fully circulating

RANK#40

SUPPLY2.9B PYUSD

DOMINANCE0.10%

7d▼ 0.01%

PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y

SCALE·AREA = MARKET CAP

MARKET CAParea = proportional cap

USDE$4.75B

PYUSD$2.92B

THE CLIMB

USDE→

PYUSDMULTIPLIER▼ 1.63xGAP$1.84B

SOURCEUSDE$4.75B

TARGETPYUSD$2.92B

CRO$3.04B

USDG$3.11B

SHIB$3.23B

ENA$3.26B

TAO$3.34B

XAUT$3.39B

GRAM$4.08B

HBAR$4.14B

USD1$4.26B

BTW$4.52B

DAI$4.54B

SUI$4.60B

log scale · mcap in USDOct 12, 2026

USDEEthena USDe

$4.75BSOURCE

CRO

$3.04B

USDG

$3.11B

SHIB

$3.23B

ENA

$3.26B

TAO

$3.34B

XAUT

$3.39B

GRAM

$4.08B

HBAR

$4.14B

USD1

$4.26B

BTW

$4.52B

DAI

$4.54B

SUI

$4.60B

PYUSDPayPal USD

$2.92BTARGET

mcap in USDOct 12, 2026

BAG SCENARIOS·IF USDE HIT PYUSD MCAP·TARGET $0.6133

SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN

$10 starter100 USDE$99.93$61.33−$38.59

Coffee money1K USDE$999.28$613.34−$385.94

Small bag10K USDE$9,992.81$6,133.37−$3,859.44

Real bag100K USDE$99,928.10$61,333.66−$38,594.44

Whale bag1M USDE$999,281.00$613,336.63−$385,944.37

Generational10M USDE$9,992,810.00$6,133,366.34−$3,859,443.66

FOR CONTEXT

$2.92B compared to the world

NikeNKE

$130.00B

PYUSD mcap is 2.2% of Nike

StarbucksSBUX

$100.00B

PYUSD mcap is 2.9% of Starbucks

SpotifySPOT

$90.00B

PYUSD mcap is 3.2% of Spotify

RobloxRBLX

$30.00B

PYUSD mcap is 9.7% of Roblox

RedditRDDT

$25.00B

PYUSD mcap is 11.7% of Reddit

SnapchatSNAP

$20.00B

PYUSD mcap is 14.6% of Snapchat

RELATED COMPARISONS·OTHER WAYS TO ASK

About this comparison

This page compares the market capitalizations of Ethena USDe (USDE) and PayPal USD (PYUSD). With Ethena USDe currently at $0.9993 per coin and a market cap of $4.75B, and PayPal USD at $0.9999 with a market cap of $2.92B, applying PayPal USD's market cap to Ethena USDe's circulating supply produces a hypothetical USDE price of $0.6133 — a 0.61x move from current.

Ethena USDe: Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

PayPal USD: PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by 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 Ethena USDe had PayPal USD's market cap, what would the price be?

If Ethena USDe (USDE) had PayPal USD's (PYUSD) current market cap of $2.92B, each USDE would be worth approximately $0.6133 based on the circulating supply of 4,755,615,179 USDE. That is 0.61x the current USDE price of $0.9993.

What is the current market cap of Ethena USDe?

Ethena USDe (USDE) currently has a market cap of $4.75B, ranking #26 by market capitalization. Each USDE trades at $0.9993.

What is the current market cap of PayPal USD?

PayPal USD (PYUSD) currently has a market cap of $2.92B, ranking #40 by market capitalization. Each PYUSD trades at $0.9999.

How does USDE compare to PYUSD?

Ethena USDe's market cap of $4.75B sits below PayPal USD's $2.92B. For USDE to reach PYUSD's current valuation, the price would need to move 0.61x 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.

If USDE▾ had PYUSD▾'s mcap →

FOR CONTEXT

About this comparison

Frequently asked

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