LIVE
BTC$64,297.00 2.20%ETH$1,813.28 1.85%USDT$0.9993 0.02%BNB$588.75 0.07%USDC$0.9999 0.01%XRP$1.15 0.81%SOL$82.53 1.28%TRX$0.3291 0.34%FIGR_HELOC$1.04 0.52%HYPE$71.19 0.37%DOGE$0.0773 0.20%USDS$0.9998 0.00%RAIN$0.0151 1.00%LEO$9.41 1.58%ZEC$454.57 1.69%ADA$0.1856 2.66%XLM$0.2017 0.03%WBT$57.61 1.35%XMR$324.96 1.13%LINK$8.06 0.52%CC$0.1384 1.80%LAB$15.66 7.60%BCH$246.73 0.73%GRAM$1.79 0.78%DAI$0.9998 0.00%USD1$0.9983 0.06%USDE$0.9988 0.02%LTC$45.33 0.60%HBAR$0.0738 2.34%USDG$1.0000 0.00%BTC$64,297.00 2.20%ETH$1,813.28 1.85%USDT$0.9993 0.02%BNB$588.75 0.07%USDC$0.9999 0.01%XRP$1.15 0.81%SOL$82.53 1.28%TRX$0.3291 0.34%FIGR_HELOC$1.04 0.52%HYPE$71.19 0.37%DOGE$0.0773 0.20%USDS$0.9998 0.00%RAIN$0.0151 1.00%LEO$9.41 1.58%ZEC$454.57 1.69%ADA$0.1856 2.66%XLM$0.2017 0.03%WBT$57.61 1.35%XMR$324.96 1.13%LINK$8.06 0.52%CC$0.1384 1.80%LAB$15.66 7.60%BCH$246.73 0.73%GRAM$1.79 0.78%DAI$0.9998 0.00%USD1$0.9983 0.06%USDE$0.9988 0.02%LTC$45.33 0.60%HBAR$0.0738 2.34%USDG$1.0000 0.00%
G.MARKETS/PAIR ANALYSIS·f(x) Protocol fxUSD logoFXUSDTether logoUSDT· LIVE· as of 21:53 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap

FXUSD WOULD BE
$0.00000000
currently $1.00 · target mcap $184.21B
MULTIPLIER
0.00x

FXUSD needs a 3.4Kx move to match USDT's valuation

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$1.00
24H CHANGE 0.03%
MARKET CAP$54.58MFDV $54.58M · Fully circulating
RANK#418
SUPPLY54.6M 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$0.9993
24H CHANGE 0.02%
MARKET CAP$184.21BFDV $189.67B · 3% supply locked
RANK#3
SUPPLY184.3B USDT
DOMINANCE6.14%
7d 0.07%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
3.4Kx bigger
FXUSD$54.58M
USDT$184.21B
THE CLIMBf(x) Protocol fxUSD logoFXUSDTether logoUSDTMULTIPLIER 3.4KxGAP$184.15B
$100.00M$1.00B$10.00B$100.00B
f(x) Protocol fxUSD logo
SOURCEFXUSD$54.58M
Tether logo
TARGETUSDT$184.21B
GALA logo
GALA$111.03M
CASH logo
CASH$126.47M
Zano logo
ZANO$145.96M
IOTA logo
IOTA$171.88M
The Graph logo
GRT$201.09M
Pendle logo
PENDLE$250.43M
First Digital USD logo
FDUSD$347.33M
TrueUSD logo
TUSD$493.61M
ADI logo
ADI$736.01M
Ethereum Classic logo
ETC$1.12B
World Liberty Financial logo
WLFI$1.88B
Gram (prev. Toncoin) logo
GRAM$4.87B
log scale · mcap in USDJul 6, 2026
f(x) Protocol fxUSD logo
FXUSDf(x) Protocol fxUSD
$54.58MSOURCE
GALA logo
GALA
$111.03M
CASH logo
CASH
$126.47M
Zano logo
ZANO
$145.96M
IOTA logo
IOTA
$171.88M
The Graph logo
GRT
$201.09M
Pendle logo
PENDLE
$250.43M
First Digital USD logo
FDUSD
$347.33M
TrueUSD logo
TUSD
$493.61M
ADI logo
ADI
$736.01M
Ethereum Classic logo
ETC
$1.12B
World Liberty Financial logo
WLFI
$1.88B
Gram (prev. Toncoin) logo
GRAM
$4.87B
Tether logo
USDTTether
$184.21BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF FXUSD HIT USDT MCAP·TARGET $3,375.60
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 FXUSD$100.00$337,560.04+$337,460.04
Coffee money1K FXUSD$1,000.00$3,375,600.43+$3,374,600.43
Small bag10K FXUSD$10,000.00$33,756,004.32+$33,746,004.32
Real bag100K FXUSD$100,000.00$337,560,043.15+$337,460,043.15
Whale bag1M FXUSD$1,000,000.00$3,375,600,431.52+$3,374,600,431.52
Generational10M FXUSD$10,000,000.00$33,756,004,315.19+$33,746,004,315.19
$184.21B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 40.9% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 48.5% 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 $1.00 per coin and a market cap of $54.58M, and Tether at $0.9993 with a market cap of $184.21B, applying Tether's market cap to f(x) Protocol fxUSD's circulating supply produces a hypothetical FXUSD price of $3,375.60 — a 3.4Kx 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 $184.21B, each FXUSD would be worth approximately $3,375.60 based on the circulating supply of 54,570,845 FXUSD. That is 3.4Kx the current FXUSD price of $1.00.

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

f(x) Protocol fxUSD (FXUSD) currently has a market cap of $54.58M, ranking #418 by market capitalization. Each FXUSD trades at $1.00.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $184.21B, ranking #3 by market capitalization. Each USDT trades at $0.9993.

How does FXUSD compare to USDT?

f(x) Protocol fxUSD's market cap of $54.58M sits orders of magnitude beyond Tether's $184.21B. For FXUSD to reach USDT's current valuation, the price would need to move 3.4Kx 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.