ACTIVE

USDE→

RLUSD

USDE WOULD BE$0.5783

MULTIPLIER▼ 0.58x

TARGET MCAP$2.63B

G.MARKETS/PAIR ANALYSIS·

USDE→

RLUSD· LIVE· as of 21:43 UTC

THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

USDE WOULD BE

$0.00000000

currently $0.9990 · target mcap $2.63B

#24 · USDE$0.9990▼ 0.1%

#40 · RLUSD$0.9994▼ 0.1%

▼ 0.00x TO MATCHUSDE WOULD FALL TO 0.58x OF TODAY AT RLUSD'S VALUATION

COIN PROFILES·USDE vs RLUSD

USDEUnverified

Ethena USDe

SOURCE

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

PRICE$0.9990

24H CHANGE▼ 0.06%

MARKET CAP$4.54BFDV $4.54B · Fully circulating

RANK#24

SUPPLY4.5B USDE

DOMINANCE0.15%

7d▼ 0.01%

RLUSDUnverified

Ripple USD

TARGET

Ripple USD (“RLUSD”), issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs, is a USD denominated stablecoin created with trust, liquidity,…

PRICE$0.9994

24H CHANGE▼ 0.06%

MARKET CAP$2.63BFDV $2.63B · Fully circulating

RANK#40

SUPPLY2.6B RLUSD

DOMINANCE0.09%

7d▼ 0.00%

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

SCALE·AREA = MARKET CAP

MARKET CAParea = proportional cap

USDE$4.54B

RLUSD$2.63B

THE CLIMB

USDE→

RLUSDMULTIPLIER▼ 1.73xGAP$1.91B

SOURCEUSDE$4.54B

TARGETRLUSD$2.63B

CRO$2.63B

QNT$2.69B

TAO$2.80B

PYUSD$2.93B

HBAR$3.11B

USDG$3.14B

GRAM$3.37B

SUI$3.66B

AVAX$3.77B

CC$3.85B

UNI$4.18B

LTC$4.33B

log scale · mcap in USDOct 29, 2026

USDEEthena USDe

$4.54BSOURCE

CRO

$2.63B

QNT

$2.69B

TAO

$2.80B

PYUSD

$2.93B

HBAR

$3.11B

USDG

$3.14B

GRAM

$3.37B

SUI

$3.66B

AVAX

$3.77B

$3.85B

UNI

$4.18B

LTC

$4.33B

RLUSDRipple USD

$2.63BTARGET

mcap in USDOct 29, 2026

BAG SCENARIOS·IF USDE HIT RLUSD MCAP·TARGET $0.5783

SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN

$10 starter100 USDE$99.90$57.83−$42.07

Coffee money1K USDE$998.97$578.29−$420.69

Small bag10K USDE$9,989.75$5,782.88−$4,206.87

Real bag100K USDE$99,897.50$57,828.76−$42,068.74

Whale bag1M USDE$998,975.00$578,287.59−$420,687.41

Generational10M USDE$9,989,750.00$5,782,875.94−$4,206,874.06

FOR CONTEXT

$2.63B compared to the world

NikeNKE

$130.00B

RLUSD mcap is 2.0% of Nike

StarbucksSBUX

$100.00B

RLUSD mcap is 2.6% of Starbucks

SpotifySPOT

$90.00B

RLUSD mcap is 2.9% of Spotify

RobloxRBLX

$30.00B

RLUSD mcap is 8.8% of Roblox

RedditRDDT

$25.00B

RLUSD mcap is 10.5% of Reddit

SnapchatSNAP

$20.00B

RLUSD mcap is 13.1% of Snapchat

RELATED COMPARISONS·OTHER WAYS TO ASK

About this comparison

This page compares the market capitalizations of Ethena USDe (USDE) and Ripple USD (RLUSD). With Ethena USDe currently at $0.9990 per coin and a market cap of $4.54B, and Ripple USD at $0.9994 with a market cap of $2.63B, applying Ripple USD's market cap to Ethena USDe's circulating supply produces a hypothetical USDE price of $0.5783 — a 0.58x move from current.

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

Ripple USD: Ripple USD (“RLUSD”), issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs, is a USD denominated stablecoin created with trust, liquidity,…

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 Ripple USD's market cap, what would the price be?

If Ethena USDe (USDE) had Ripple USD's (RLUSD) current market cap of $2.63B, each USDE would be worth approximately $0.5783 based on the circulating supply of 4,540,083,386 USDE. That is 0.58x 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 $4.54B, ranking #24 by market capitalization. Each USDE trades at $0.9990.

What is the current market cap of Ripple USD?

Ripple USD (RLUSD) currently has a market cap of $2.63B, ranking #40 by market capitalization. Each RLUSD trades at $0.9994.

How does USDE compare to RLUSD?

Ethena USDe's market cap of $4.54B sits below Ripple USD's $2.63B. For USDE to reach RLUSD's current valuation, the price would need to move 0.58x 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 RLUSD▾'s mcap →

FOR CONTEXT

About this comparison

Frequently asked

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