G.MARKETS
BTC$63,196.00+0.76%
LIVE
BTC$63,196.00▲ 0.76%ETH$1,776.61▲ 0.67%USDT$0.9990▼ 0.01%BNB$583.49▲ 2.20%USDC$0.9998▼ 0.00%XRP$1.15▲ 0.69%SOL$80.77▲ 0.29%TRX$0.3287▲ 1.31%FIGR_HELOC$1.01▲ 0.00%HYPE$71.58▲ 4.24%DOGE$0.0771▲ 1.46%USDS$0.9997▼ 0.00%RAIN$0.0151▼ 1.76%LEO$9.35▲ 2.07%ZEC$454.93▼ 0.08%ADA$0.1865▼ 1.84%XLM$0.1995▼ 1.17%WBT$57.02▲ 0.74%XMR$322.26▼ 2.59%LINK$7.98▲ 0.98%CC$0.1433▲ 3.34%LAB$16.22▼ 1.01%BCH$241.15▲ 0.90%GRAM$1.75▼ 1.12%DAI$0.9998▼ 0.01%USD1$0.9987▼ 0.01%USDE$0.9985▼ 0.00%LTC$45.14▲ 2.11%HBAR$0.0752▼ 0.04%USYC$1.13▲ 0.00%BTC$63,196.00▲ 0.76%ETH$1,776.61▲ 0.67%USDT$0.9990▼ 0.01%BNB$583.49▲ 2.20%USDC$0.9998▼ 0.00%XRP$1.15▲ 0.69%SOL$80.77▲ 0.29%TRX$0.3287▲ 1.31%FIGR_HELOC$1.01▲ 0.00%HYPE$71.58▲ 4.24%DOGE$0.0771▲ 1.46%USDS$0.9997▼ 0.00%RAIN$0.0151▼ 1.76%LEO$9.35▲ 2.07%ZEC$454.93▼ 0.08%ADA$0.1865▼ 1.84%XLM$0.1995▼ 1.17%WBT$57.02▲ 0.74%XMR$322.26▼ 2.59%LINK$7.98▲ 0.98%CC$0.1433▲ 3.34%LAB$16.22▼ 1.01%BCH$241.15▲ 0.90%GRAM$1.75▼ 1.12%DAI$0.9998▼ 0.01%USD1$0.9987▼ 0.01%USDE$0.9985▼ 0.00%LTC$45.14▲ 2.11%HBAR$0.0752▼ 0.04%USYC$1.13▲ 0.00%
ACTIVEEthena USDeUSDE→USDCUSDC
USDE WOULD BE$16.43
MULTIPLIER▲ 16.4x
TARGET MCAP$72.89B
G.MARKETS/PAIR ANALYSIS·Ethena USDe logoUSDE→USDC logoUSDC· LIVE· as of 05:02 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

USDE WOULD BE
$0.00000000
currently $0.9985 · target mcap $72.89B
MULTIPLIER
▲0.00x

USDE needs a 16.4x move to match USDC's valuation

COIN PROFILES·USDE vs USDC
Ethena USDe logo
USDEUnverified
Ethena USDe
SOURCE

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

PRICE$0.9985
24H CHANGE▼ 0.00%
MARKET CAP$4.43BFDV $4.43B · Fully circulating
RANK#27
SUPPLY4.4B USDE
DOMINANCE0.15%
7d▼ 0.01%
VS
USDC logo
USDCVerified by G.MARKETS
USDC
TARGET

USDC is a fully collateralized US dollar stablecoin.

PRICE$0.9998
24H CHANGE▼ 0.00%
MARKET CAP$72.89BFDV $72.89B · Fully circulating
RANK#5
SUPPLY72.9B USDC
DOMINANCE2.43%
7d▼ 0.02%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
16.4x bigger
USDE$4.43B
USDC$72.89B
THE CLIMBEthena USDe logoUSDE→USDC logoUSDCMULTIPLIER▲ 16.4xGAP$68.46B
$10.00B
Ethena USDe logo
SOURCEUSDE$4.43B
USDC logo
TARGETUSDC$72.89B
USD1 logo
USD1$4.59B
Gram (prev. Toncoin) logo
GRAM$4.75B
LAB logo
LAB$5.08B
Canton logo
CC$5.59B
Monero logo
XMR$6.05B
Stellar logo
XLM$6.79B
Zcash logo
ZEC$7.64B
LEO Token logo
LEO$8.61B
USDS logo
USDS$10.13B
Hyperliquid logo
HYPE$15.92B
TRON logo
TRX$31.18B
Solana logo
SOL$46.94B
log scale · mcap in USDJul 6, 2026
Ethena USDe logo
USDEEthena USDe
$4.43BSOURCE
USD1 logo
USD1
$4.59B
Gram (prev. Toncoin) logo
GRAM
$4.75B
LAB logo
LAB
$5.08B
Canton logo
CC
$5.59B
Monero logo
XMR
$6.05B
Stellar logo
XLM
$6.79B
Zcash logo
ZEC
$7.64B
LEO Token logo
LEO
$8.61B
USDS logo
USDS
$10.13B
Hyperliquid logo
HYPE
$15.92B
TRON logo
TRX
$31.18B
Solana logo
SOL
$46.94B
USDC logo
USDCUSDC
$72.89BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF USDE HIT USDC MCAP·TARGET $16.43
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDE$99.85$1,642.52+$1,542.67
Coffee money1K USDE$998.53$16,425.23+$15,426.69
Small bag10K USDE$9,985.34$164,252.26+$154,266.92
Real bag100K USDE$99,853.40$1,642,522.61+$1,542,669.21
Whale bag1M USDE$998,534.00$16,425,226.11+$15,426,692.11
Generational10M USDE$9,985,340.00$164,252,261.05+$154,266,921.05

FOR CONTEXT

$72.89B compared to the world
UberUBER
$160.00B
USDC mcap is 45.6% of Uber
NikeNKE
$130.00B
USDC mcap is 56.1% of Nike
StarbucksSBUX
$100.00B
USDC mcap is 72.9% of Starbucks
SpotifySPOT
$90.00B
USDC mcap is 81.0% of Spotify
RobloxRBLX
$30.00B
USDC mcap is 2.43× Roblox
RedditRDDT
$25.00B
USDC mcap is 2.92× Reddit
RELATED COMPARISONS·OTHER WAYS TO ASK
Ethena USDe logoUSDE→Bitcoin logoBTCVerified by G.MARKETS
$285.59▲ 286x
Ethena USDe logoUSDE→Ethereum logoETHVerified by G.MARKETS
$48.31▲ 48.4x
Ethena USDe logoUSDE→Tether logoUSDTVerified by G.MARKETS
$41.50▲ 41.6x
Ethena USDe logoUSDE→BNB logoBNBVerified by G.MARKETS
$17.72▲ 17.7x
Ethena USDe logoUSDE→XRP logoXRPVerified by G.MARKETS
$16.07▲ 16.1x
Ethena USDe logoUSDE→Solana logoSOLVerified by G.MARKETS
$10.58▲ 10.6x

About this comparison

This page compares the market capitalizations of Ethena USDe (USDE) and USDC (USDC). With Ethena USDe currently at $0.9985 per coin and a market cap of $4.43B, and USDC at $0.9998 with a market cap of $72.89B, applying USDC's market cap to Ethena USDe's circulating supply produces a hypothetical USDE price of $16.43 — a 16.4x move from current.

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

USDC: USDC is a fully collateralized US dollar stablecoin.

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 USDC's market cap, what would the price be?

If Ethena USDe (USDE) had USDC's (USDC) current market cap of $72.89B, each USDE would be worth approximately $16.43 based on the circulating supply of 4,437,669,742 USDE. That is 16.4x the current USDE price of $0.9985.

What is the current market cap of Ethena USDe?

Ethena USDe (USDE) currently has a market cap of $4.43B, ranking #27 by market capitalization. Each USDE trades at $0.9985.

What is the current market cap of USDC?

USDC (USDC) currently has a market cap of $72.89B, ranking #5 by market capitalization. Each USDC trades at $0.9998.

How does USDE compare to USDC?

Ethena USDe's market cap of $4.43B sits well above USDC's $72.89B. For USDE to reach USDC's current valuation, the price would need to move 16.4x 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.