G.MARKETS
BTC$60,775.00-5.47%
LIVE
BTC$60,775.00▼ 5.47%ETH$1,605.31▼ 10.14%USDT$0.9992▲ 0.02%BNB$583.33▼ 3.48%USDC$0.9991▼ 0.05%XRP$1.10▼ 6.40%SOL$64.43▼ 8.39%TRX$0.3240▼ 1.40%FIGR_HELOC$1.02▲ 1.80%HYPE$61.24▼ 9.02%DOGE$0.0821▼ 8.08%USDS$0.9997▼ 0.01%LEO$9.82▼ 1.06%RAIN$0.0134▼ 6.74%XLM$0.1868▼ 10.47%XMR$323.26▼ 7.58%ADA$0.1594▼ 15.43%CC$0.1461▼ 2.99%LINK$7.38▼ 8.68%ZEC$311.08▼ 40.63%WBT$43.32▼ 6.68%USD1$0.9985▼ 0.01%USDE$0.9993▲ 0.06%BCH$217.06▼ 12.99%DAI$0.9996▼ 0.01%TON$1.51▼ 14.82%M$3.06▼ 8.68%LAB$11.44▼ 37.12%HBAR$0.0805▼ 6.06%LTC$43.16▼ 7.62%BTC$60,775.00▼ 5.47%ETH$1,605.31▼ 10.14%USDT$0.9992▲ 0.02%BNB$583.33▼ 3.48%USDC$0.9991▼ 0.05%XRP$1.10▼ 6.40%SOL$64.43▼ 8.39%TRX$0.3240▼ 1.40%FIGR_HELOC$1.02▲ 1.80%HYPE$61.24▼ 9.02%DOGE$0.0821▼ 8.08%USDS$0.9997▼ 0.01%LEO$9.82▼ 1.06%RAIN$0.0134▼ 6.74%XLM$0.1868▼ 10.47%XMR$323.26▼ 7.58%ADA$0.1594▼ 15.43%CC$0.1461▼ 2.99%LINK$7.38▼ 8.68%ZEC$311.08▼ 40.63%WBT$43.32▼ 6.68%USD1$0.9985▼ 0.01%USDE$0.9993▲ 0.06%BCH$217.06▼ 12.99%DAI$0.9996▼ 0.01%TON$1.51▼ 14.82%M$3.06▼ 8.68%LAB$11.44▼ 37.12%HBAR$0.0805▼ 6.06%LTC$43.16▼ 7.62%
ACTIVEiShares Gold Trust (Ondo Tokenized Stock)IAUON→TetherUSDT
IAUON WOULD BE$1,205,922.24
MULTIPLIER▲ 14.7Kx
TARGET MCAP$187.38B
G.MARKETS/PAIR ANALYSIS·iShares Gold Trust (Ondo Tokenized Stock) logoIAUON→Tether logoUSDT· LIVE· as of 14:09 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

IAUON WOULD BE
$1,206,180.41
currently $82.30 · target mcap $187.38B
MULTIPLIER
▲14.7Kx

IAUON needs a 14.7Kx move to match USDT's valuation

COIN PROFILES·IAUON vs USDT
iShares Gold Trust (Ondo Tokenized Stock) logo
IAUONUnverified
iShares Gold Trust (Ondo Tokenized Stock)
SOURCE

IAUon is the Ondo Tokenized version of iShares Gold Trust, giving tokenholders economic exposure similar to holding IAU and reinvesting any dividends.

PRICE$82.30
24H CHANGE▼ 2.47%
MARKET CAP$12.79MFDV $12.79M · Fully circulating
RANK#1000
SUPPLY155K IAUON
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$0.9992
24H CHANGE▲ 0.02%
MARKET CAP$187.38BFDV $192.84B · 3% supply locked
RANK#3
SUPPLY187.5B USDT
DOMINANCE6.25%
7d▲ 0.06%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
14.7Kx bigger
IAUON$12.79M
USDT$187.38B
THE CLIMBiShares Gold Trust (Ondo Tokenized Stock) logoIAUON→Tether logoUSDTMULTIPLIER▲ 14.7KxGAP$187.37B
$100.00M$1.00B$10.00B$100.00B
iShares Gold Trust (Ondo Tokenized Stock) logo
SOURCEIAUON$12.79M
Tether logo
TARGETUSDT$187.38B
Vision logo
VSN$112.73M
Flying Tulip logo
FT$124.33M
Onyxcoin logo
XCN$146.87M
USAT logo
USAT$167.30M
ETHGas logo
GWEI$210.07M
LayerZero logo
ZRO$247.15M
Sun Token logo
SUN$338.11M
OUSG logo
OUSG$476.86M
币安人生 (BinanceLife) logo
币安人生$677.55M
USDtb logo
USDTB$1.01B
Worldcoin logo
WLD$1.79B
Bitcoin Cash logo
BCH$4.34B
log scale · mcap in USDJun 5, 2026
iShares Gold Trust (Ondo Tokenized Stock) logo
IAUONiShares Gold Trust (Ondo Tokenized Stock)
$12.79MSOURCE
Vision logo
VSN
$112.73M
Flying Tulip logo
FT
$124.33M
Onyxcoin logo
XCN
$146.87M
USAT logo
USAT
$167.30M
ETHGas logo
GWEI
$210.07M
LayerZero logo
ZRO
$247.15M
Sun Token logo
SUN
$338.11M
OUSG logo
OUSG
$476.86M
币安人生 (BinanceLife) logo
币安人生
$677.55M
USDtb logo
USDTB
$1.01B
Worldcoin logo
WLD
$1.79B
Bitcoin Cash logo
BCH
$4.34B
Tether logo
USDTTether
$187.38BTARGET
mcap in USDJun 5, 2026
BAG SCENARIOS·IF IAUON HIT USDT MCAP·TARGET $1,206,180.41
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 IAUON$8,230.00$120,618,041.46+$120,609,811.46
Coffee money1K IAUON$82,300.00$1,206,180,414.56+$1,206,098,114.56
Small bag10K IAUON$823,000.00$12,061,804,145.64+$12,060,981,145.64
Real bag100K IAUON$8,230,000.00$120,618,041,456.43+$120,609,811,456.43
Whale bag1M IAUON$82,300,000.00$1,206,180,414,564.26+$1,206,098,114,564.26
Generational10M IAUON$823,000,000.00$12,061,804,145,642.61+$12,060,981,145,642.61

FOR CONTEXT

$187.38B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 41.6% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 49.3% of Netflix
UberUBER
$160.00B
USDT mcap is 1.17× Uber
NikeNKE
$130.00B
USDT mcap is 1.44× Nike
StarbucksSBUX
$100.00B
USDT mcap is 1.87× Starbucks
SpotifySPOT
$90.00B
USDT mcap is 2.08× Spotify
RELATED COMPARISONS·OTHER WAYS TO ASK
iShares Gold Trust (Ondo Tokenized Stock) logoIAUON→Bitcoin logoBTCVerified by G.MARKETS
$7,825,981.71▲ 95.1Kx
iShares Gold Trust (Ondo Tokenized Stock) logoIAUON→Ethereum logoETHVerified by G.MARKETS
$1,246,947.70▲ 15.2Kx
iShares Gold Trust (Ondo Tokenized Stock) logoIAUON→BNB logoBNBVerified by G.MARKETS
$505,043.87▲ 6.1Kx
iShares Gold Trust (Ondo Tokenized Stock) logoIAUON→USDC logoUSDCVerified by G.MARKETS
$485,829.96▲ 5.9Kx
iShares Gold Trust (Ondo Tokenized Stock) logoIAUON→XRP logoXRPVerified by G.MARKETS
$439,426.07▲ 5.3Kx
iShares Gold Trust (Ondo Tokenized Stock) logoIAUON→Solana logoSOLVerified by G.MARKETS
$240,027.71▲ 2.9Kx

About this comparison

This page compares the market capitalizations of iShares Gold Trust (Ondo Tokenized Stock) (IAUON) and Tether (USDT). With iShares Gold Trust (Ondo Tokenized Stock) currently at $82.30 per coin and a market cap of $12.79M, and Tether at $0.9992 with a market cap of $187.38B, applying Tether's market cap to iShares Gold Trust (Ondo Tokenized Stock)'s circulating supply produces a hypothetical IAUON price of $1,206,180.41 — a 14.7Kx move from current.

iShares Gold Trust (Ondo Tokenized Stock): IAUon is the Ondo Tokenized version of iShares Gold Trust, giving tokenholders economic exposure similar to holding IAU 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 Gold Trust (Ondo Tokenized Stock) had Tether's market cap, what would the price be?

If iShares Gold Trust (Ondo Tokenized Stock) (IAUON) had Tether's (USDT) current market cap of $187.38B, each IAUON would be worth approximately $1,206,180.41 based on the circulating supply of 155,348 IAUON. That is 14.7Kx the current IAUON price of $82.30.

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

iShares Gold Trust (Ondo Tokenized Stock) (IAUON) currently has a market cap of $12.79M, ranking #1000 by market capitalization. Each IAUON trades at $82.30.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $187.38B, ranking #3 by market capitalization. Each USDT trades at $0.9992.

How does IAUON compare to USDT?

iShares Gold Trust (Ondo Tokenized Stock)'s market cap of $12.79M sits orders of magnitude beyond Tether's $187.38B. For IAUON to reach USDT's current valuation, the price would need to move 14.7Kx 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 iShares Gold Trust (Ondo Tokenized Stock)'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.