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ETH:GUSDCQ needs a 6.7Kx move to match USDT's valuation
Galaxy USDC Quality (gUSDCq) is an ERC-20 token deployed on the Ethereum blockchain, representing a reward-bearing position in a USDC lending vault built on Morpho Blue.
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.
FOR CONTEXT
$184.44B compared to the worldAbout this comparison
This page compares the market capitalizations of Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) and Tether (USDT). With Galaxy USDC Quality (Ethereum) currently at $1.01 per coin and a market cap of $27.55M, and Tether at $0.9987 with a market cap of $184.44B, applying Tether's market cap to Galaxy USDC Quality (Ethereum)'s circulating supply produces a hypothetical ETH:GUSDCQ price of $6,749.36 — a 6.7Kx move from current.
Galaxy USDC Quality (Ethereum): Galaxy USDC Quality (gUSDCq) is an ERC-20 token deployed on the Ethereum blockchain, representing a reward-bearing position in a USDC lending vault built on Morpho Blue.
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 Galaxy USDC Quality (Ethereum) had Tether's market cap, what would the price be?
If Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) had Tether's (USDT) current market cap of $184.44B, each ETH:GUSDCQ would be worth approximately $6,749.36 based on the circulating supply of 27,326,518 ETH:GUSDCQ. That is 6.7Kx the current ETH:GUSDCQ price of $1.01.
What is the current market cap of Galaxy USDC Quality (Ethereum)?
Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) currently has a market cap of $27.55M, ranking #662 by market capitalization. Each ETH:GUSDCQ trades at $1.01.
What is the current market cap of Tether?
Tether (USDT) currently has a market cap of $184.44B, ranking #3 by market capitalization. Each USDT trades at $0.9987.
How does ETH:GUSDCQ compare to USDT?
Galaxy USDC Quality (Ethereum)'s market cap of $27.55M sits orders of magnitude beyond Tether's $184.44B. For ETH:GUSDCQ to reach USDT's current valuation, the price would need to move 6.7Kx 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 Galaxy USDC Quality (Ethereum)'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.