LIVE
BTC$85,682.00▲ 0.63%ETH$2,703.55▲ 0.30%USDT$0.9998▼ 0.01%BNB$787.28▲ 0.09%XRP$1.50▲ 0.29%USDC$0.9999▼ 0.01%SOL$119.62▼ 1.57%TRX$0.3363▲ 0.25%FIGR_HELOC$1.07▲ 0.00%ZEC$1,334.86▲ 0.62%HYPE$92.45▲ 2.76%DOGE$0.0953▲ 1.73%LINK$13.93▼ 1.40%XMR$550.13▲ 0.08%ADA$0.2709▲ 10.40%WBT$85.47▲ 0.85%USDS$0.9998▼ 0.02%RAIN$0.0117▼ 3.11%LEO$8.95▼ 0.51%XLM$0.2170▲ 0.28%NEAR$5.03▲ 3.46%BCH$313.80▼ 1.25%UNI$8.94▼ 1.08%LTC$71.17▼ 0.03%SUI$1.20▼ 0.31%CC$0.1236▼ 1.26%USDE$0.9997▼ 0.00%AVAX$10.90▼ 1.19%DAI$0.9998▲ 0.01%HBAR$0.1015▼ 0.76%BTC$85,682.00▲ 0.63%ETH$2,703.55▲ 0.30%USDT$0.9998▼ 0.01%BNB$787.28▲ 0.09%XRP$1.50▲ 0.29%USDC$0.9999▼ 0.01%SOL$119.62▼ 1.57%TRX$0.3363▲ 0.25%FIGR_HELOC$1.07▲ 0.00%ZEC$1,334.86▲ 0.62%HYPE$92.45▲ 2.76%DOGE$0.0953▲ 1.73%LINK$13.93▼ 1.40%XMR$550.13▲ 0.08%ADA$0.2709▲ 10.40%WBT$85.47▲ 0.85%USDS$0.9998▼ 0.02%RAIN$0.0117▼ 3.11%LEO$8.95▼ 0.51%XLM$0.2170▲ 0.28%NEAR$5.03▲ 3.46%BCH$313.80▼ 1.25%UNI$8.94▼ 1.08%LTC$71.17▼ 0.03%SUI$1.20▼ 0.31%CC$0.1236▼ 1.26%USDE$0.9997▼ 0.00%AVAX$10.90▼ 1.19%DAI$0.9998▲ 0.01%HBAR$0.1015▼ 0.76%
G.MARKETS/PAIR ANALYSIS·f(x) Protocol fxUSD logoFXUSD→Tether logoUSDT· LIVE· as of 14:43 UTC
THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

FXUSD WOULD BE
$0.00000000
currently $1.0000 · target mcap $184.06B
▲ 0.00x TO MATCHFXUSD NEEDS A 2.0Kx MOVE TO MATCH USDT
COIN PROFILES·FXUSD vs USDT
f(x) Protocol fxUSD logo
f(x) Protocol fxUSD
SOURCE

On V1, fxUSD is unlike anything else in DeFi.

PRICE$1.0000
24H CHANGE▼ 0.21%
MARKET CAP$90.81MFDV $90.81M · Fully circulating
RANK#314
SUPPLY90.8M FXUSD
DOMINANCE<0.01%
VS
Tether logo
USDTVerified by G.MARKETS
Tether
TARGET

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

PRICE$0.9998
24H CHANGE▼ 0.01%
MARKET CAP$184.06BFDV $189.52B · 3% supply locked
RANK#3
SUPPLY184.1B USDT
DOMINANCE6.14%
7d▲ 0.01%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
2.0Kx bigger
FXUSD$90.81M
USDT$184.06B
THE CLIMBf(x) Protocol fxUSD logoFXUSD→Tether logoUSDTMULTIPLIER▲ 2.0KxGAP$183.97B
$1.00B$10.00B$100.00B
f(x) Protocol fxUSD logo
SOURCEFXUSD$90.81M
Tether logo
TARGETUSDT$184.06B
Seeker logo
SKR$127.52M
GUSD logo
GUSD$149.53M
Non-Playable Coin logo
NPC$168.14M
Shuffle logo
SHFL$211.27M
Zebec Network logo
ZBCN$253.18M
Ondo Short-Term U.S. Government Bond Fund logo
OUSG$321.23M
SPX6900 logo
SPX$416.81M
Curve DAO logo
CRV$587.75M
Aerodrome Finance logo
AERO$852.64M
Spiko Amundi Overnight Swap Fund (EUR) logo
EURSAFO$1.53B
OKB logo
OKB$2.64B
Litecoin logo
LTC$5.52B
log scale · mcap in USDOct 5, 2026
f(x) Protocol fxUSD logo
FXUSDf(x) Protocol fxUSD
$90.81MSOURCE
Seeker logo
SKR
$127.52M
GUSD logo
GUSD
$149.53M
Non-Playable Coin logo
NPC
$168.14M
Shuffle logo
SHFL
$211.27M
Zebec Network logo
ZBCN
$253.18M
Ondo Short-Term U.S. Government Bond Fund logo
OUSG
$321.23M
SPX6900 logo
SPX
$416.81M
Curve DAO logo
CRV
$587.75M
Aerodrome Finance logo
AERO
$852.64M
Spiko Amundi Overnight Swap Fund (EUR) logo
EURSAFO
$1.53B
OKB logo
OKB
$2.64B
Litecoin logo
LTC
$5.52B
Tether logo
USDTTether
$184.06BTARGET
mcap in USDOct 5, 2026
BAG SCENARIOS·IF FXUSD HIT USDT MCAP·TARGET $2,026.81
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 FXUSD$100.00$202,680.89+$202,580.90
Coffee money1K FXUSD$999.96$2,026,808.94+$2,025,808.98
Small bag10K FXUSD$9,999.55$20,268,089.40+$20,258,089.85
Real bag100K FXUSD$99,995.50$202,680,893.99+$202,580,898.49
Whale bag1M FXUSD$999,955.00$2,026,808,939.88+$2,025,808,984.88
Generational10M FXUSD$9,999,550.00$20,268,089,398.82+$20,258,089,848.82
$184.06B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 40.9% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 48.4% of Netflix
UberUBER
$160.00B
USDT mcap is 1.15× Uber
NikeNKE
$130.00B
USDT mcap is 1.42× Nike
StarbucksSBUX
$100.00B
USDT mcap is 1.84× Starbucks
SpotifySPOT
$90.00B
USDT mcap is 2.05× Spotify

About this comparison

This page compares the market capitalizations of f(x) Protocol fxUSD (FXUSD) and Tether (USDT). With f(x) Protocol fxUSD currently at $1.0000 per coin and a market cap of $90.81M, and Tether at $0.9998 with a market cap of $184.06B, applying Tether's market cap to f(x) Protocol fxUSD's circulating supply produces a hypothetical FXUSD price of $2,026.81 — a 2.0Kx move from current.

f(x) Protocol fxUSD: On V1, fxUSD is unlike anything else in DeFi.

Tether: Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the 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 f(x) Protocol fxUSD had Tether's market cap, what would the price be?

If f(x) Protocol fxUSD (FXUSD) had Tether's (USDT) current market cap of $184.06B, each FXUSD would be worth approximately $2,026.81 based on the circulating supply of 90,810,708 FXUSD. That is 2.0Kx the current FXUSD price of $1.0000.

What is the current market cap of f(x) Protocol fxUSD?

f(x) Protocol fxUSD (FXUSD) currently has a market cap of $90.81M, ranking #314 by market capitalization. Each FXUSD trades at $1.0000.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $184.06B, ranking #3 by market capitalization. Each USDT trades at $0.9998.

How does FXUSD compare to USDT?

f(x) Protocol fxUSD's market cap of $90.81M sits orders of magnitude beyond Tether's $184.06B. For FXUSD to reach USDT's current valuation, the price would need to move 2.0Kx 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 f(x) Protocol fxUSD'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.