LIVE
BTC$85,919.00▼ 0.48%ETH$2,715.82▼ 0.34%USDT$1.0000▲ 0.00%BNB$788.82▼ 0.80%XRP$1.51▼ 0.45%USDC$1.0000▼ 0.00%SOL$121.09▼ 0.54%TRX$0.3363▲ 0.16%FIGR_HELOC$1.03▲ 0.00%ZEC$1,339.93▼ 1.07%HYPE$94.74▲ 4.90%DOGE$0.0958▼ 0.80%XMR$559.36▲ 2.09%LINK$13.91▼ 2.14%ADA$0.2729▲ 3.57%WBT$85.84▲ 0.01%USDS$0.9999▼ 0.01%LEO$8.92▼ 0.69%RAIN$0.0115▲ 2.49%XLM$0.2166▼ 2.95%NEAR$5.25▲ 6.12%BCH$315.68▼ 0.97%UNI$9.09▲ 0.68%LTC$70.21▼ 0.56%CC$0.1264▼ 1.78%SUI$1.22▲ 0.44%USDE$0.9998▲ 0.01%AVAX$11.03▼ 0.53%DAI$0.9999▲ 0.01%HBAR$0.1022▼ 1.57%BTC$85,919.00▼ 0.48%ETH$2,715.82▼ 0.34%USDT$1.0000▲ 0.00%BNB$788.82▼ 0.80%XRP$1.51▼ 0.45%USDC$1.0000▼ 0.00%SOL$121.09▼ 0.54%TRX$0.3363▲ 0.16%FIGR_HELOC$1.03▲ 0.00%ZEC$1,339.93▼ 1.07%HYPE$94.74▲ 4.90%DOGE$0.0958▼ 0.80%XMR$559.36▲ 2.09%LINK$13.91▼ 2.14%ADA$0.2729▲ 3.57%WBT$85.84▲ 0.01%USDS$0.9999▼ 0.01%LEO$8.92▼ 0.69%RAIN$0.0115▲ 2.49%XLM$0.2166▼ 2.95%NEAR$5.25▲ 6.12%BCH$315.68▼ 0.97%UNI$9.09▲ 0.68%LTC$70.21▼ 0.56%CC$0.1264▼ 1.78%SUI$1.22▲ 0.44%USDE$0.9998▲ 0.01%AVAX$11.03▼ 0.53%DAI$0.9999▲ 0.01%HBAR$0.1022▼ 1.57%
G.MARKETS/PAIR ANALYSIS·iShares Bitcoin Trust (Ondo Tokenized) logoIBITON→Tether logoUSDT· LIVE· as of 22:42 UTC
THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

IBITON WOULD BE
$0.00000000
currently $48.65 · target mcap $184.08B
▲ 0.00x TO MATCHIBITON NEEDS A 6.3Kx MOVE TO MATCH USDT
COIN PROFILES·IBITON vs USDT
iShares Bitcoin Trust (Ondo Tokenized) logo
iShares Bitcoin Trust (Ondo Tokenized)
SOURCE

IBITon is the Ondo Tokenized version of the iShares Bitcoin Trust ETF, giving tokenholders economic exposure similar to holding IBIT and reinvesting any dividends.

PRICE$48.65
24H CHANGE▼ 0.59%
MARKET CAP$29.25MFDV $29.25M · Fully circulating
RANK#721
SUPPLY601K IBITON
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$1.0000
24H CHANGE▲ 0.00%
MARKET CAP$184.08BFDV $189.55B · 3% supply locked
RANK#3
SUPPLY184.1B USDT
DOMINANCE6.14%
7d▲ 0.02%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
6.3Kx bigger
IBITON$29.25M
USDT$184.08B
THE CLIMBiShares Bitcoin Trust (Ondo Tokenized) logoIBITON→Tether logoUSDTMULTIPLIER▲ 6.3KxGAP$184.05B
$100.00M$1.00B$10.00B$100.00B
iShares Bitcoin Trust (Ondo Tokenized) logo
SOURCEIBITON$29.25M
Tether logo
TARGETUSDT$184.08B
Plume logo
PLUME$131.05M
1INCH logo
1INCH$150.43M
Immutable logo
IMX$169.21M
Zama logo
ZAMA$214.16M
THORChain logo
RUNE$257.63M
The Graph logo
GRT$322.90M
SPX6900 logo
SPX$422.48M
Raydium logo
RAY$600.35M
NEXO logo
NEXO$849.02M
United Stables logo
U$1.53B
OKB logo
OKB$2.70B
Litecoin logo
LTC$5.45B
log scale · mcap in USDOct 5, 2026
iShares Bitcoin Trust (Ondo Tokenized) logo
IBITONiShares Bitcoin Trust (Ondo Tokenized)
$29.25MSOURCE
Plume logo
PLUME
$131.05M
1INCH logo
1INCH
$150.43M
Immutable logo
IMX
$169.21M
Zama logo
ZAMA
$214.16M
THORChain logo
RUNE
$257.63M
The Graph logo
GRT
$322.90M
SPX6900 logo
SPX
$422.48M
Raydium logo
RAY
$600.35M
NEXO logo
NEXO
$849.02M
United Stables logo
U
$1.53B
OKB logo
OKB
$2.70B
Litecoin logo
LTC
$5.45B
Tether logo
USDTTether
$184.08BTARGET
mcap in USDOct 5, 2026
BAG SCENARIOS·IF IBITON HIT USDT MCAP·TARGET $306,204.44
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 IBITON$4,865.00$30,620,444.03+$30,615,579.03
Coffee money1K IBITON$48,650.00$306,204,440.31+$306,155,790.31
Small bag10K IBITON$486,500.00$3,062,044,403.05+$3,061,557,903.05
Real bag100K IBITON$4,865,000.00$30,620,444,030.55+$30,615,579,030.55
Whale bag1M IBITON$48,650,000.00$306,204,440,305.46+$306,155,790,305.46
Generational10M IBITON$486,500,000.00$3,062,044,403,054.57+$3,061,557,903,054.57
$184.08B 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 iShares Bitcoin Trust (Ondo Tokenized) (IBITON) and Tether (USDT). With iShares Bitcoin Trust (Ondo Tokenized) currently at $48.65 per coin and a market cap of $29.25M, and Tether at $1.0000 with a market cap of $184.08B, applying Tether's market cap to iShares Bitcoin Trust (Ondo Tokenized)'s circulating supply produces a hypothetical IBITON price of $306,204.44 — a 6.3Kx move from current.

iShares Bitcoin Trust (Ondo Tokenized): IBITon is the Ondo Tokenized version of the iShares Bitcoin Trust ETF, giving tokenholders economic exposure similar to holding IBIT and reinvesting any dividends.

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 iShares Bitcoin Trust (Ondo Tokenized) had Tether's market cap, what would the price be?

If iShares Bitcoin Trust (Ondo Tokenized) (IBITON) had Tether's (USDT) current market cap of $184.08B, each IBITON would be worth approximately $306,204.44 based on the circulating supply of 601,174 IBITON. That is 6.3Kx the current IBITON price of $48.65.

What is the current market cap of iShares Bitcoin Trust (Ondo Tokenized)?

iShares Bitcoin Trust (Ondo Tokenized) (IBITON) currently has a market cap of $29.25M, ranking #721 by market capitalization. Each IBITON trades at $48.65.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $184.08B, ranking #3 by market capitalization. Each USDT trades at $1.0000.

How does IBITON compare to USDT?

iShares Bitcoin Trust (Ondo Tokenized)'s market cap of $29.25M sits orders of magnitude beyond Tether's $184.08B. For IBITON to reach USDT's current valuation, the price would need to move 6.3Kx 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 iShares Bitcoin Trust (Ondo Tokenized)'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.