LIVE
BTC$64,385.00 2.05%ETH$1,815.80 1.61%USDT$0.9993 0.02%BNB$589.15 0.05%USDC$0.9999 0.01%XRP$1.15 0.95%SOL$82.67 1.45%TRX$0.3291 0.34%FIGR_HELOC$1.04 0.52%HYPE$71.29 0.51%DOGE$0.0774 0.08%USDS$0.9997 0.00%RAIN$0.0151 0.79%LEO$9.39 1.34%ZEC$455.60 1.50%ADA$0.1857 2.62%XLM$0.2019 0.08%WBT$57.61 1.35%XMR$325.00 1.12%LINK$8.07 0.66%CC$0.1385 1.75%BCH$246.96 0.82%LAB$15.75 7.04%GRAM$1.79 0.89%DAI$0.9998 0.00%USD1$0.9988 0.01%USDE$0.9988 0.02%LTC$45.39 0.48%HBAR$0.0739 2.22%USDG$0.9999 0.00%BTC$64,385.00 2.05%ETH$1,815.80 1.61%USDT$0.9993 0.02%BNB$589.15 0.05%USDC$0.9999 0.01%XRP$1.15 0.95%SOL$82.67 1.45%TRX$0.3291 0.34%FIGR_HELOC$1.04 0.52%HYPE$71.29 0.51%DOGE$0.0774 0.08%USDS$0.9997 0.00%RAIN$0.0151 0.79%LEO$9.39 1.34%ZEC$455.60 1.50%ADA$0.1857 2.62%XLM$0.2019 0.08%WBT$57.61 1.35%XMR$325.00 1.12%LINK$8.07 0.66%CC$0.1385 1.75%BCH$246.96 0.82%LAB$15.75 7.04%GRAM$1.79 0.89%DAI$0.9998 0.00%USD1$0.9988 0.01%USDE$0.9988 0.02%LTC$45.39 0.48%HBAR$0.0739 2.22%USDG$0.9999 0.00%
G.MARKETS/PAIR ANALYSIS·Ondo U.S. Dollar Token logoUSDONTether logoUSDT· LIVE· as of 21:56 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap

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

USDON needs a 2.6Kx move to match USDT's valuation

COIN PROFILES·USDON vs USDT
Ondo U.S. Dollar Token logo
Ondo U.S. Dollar Token
SOURCE
PRICE$1.00
24H CHANGE 0.00%
MARKET CAP$70.52MFDV $70.52M · Fully circulating
RANK#353
SUPPLY70.5M USDON
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
2.6Kx bigger
USDON$70.52M
USDT$184.21B
THE CLIMBOndo U.S. Dollar Token logoUSDONTether logoUSDTMULTIPLIER 2.6KxGAP$184.14B
$100.00M$1.00B$10.00B$100.00B
Ondo U.S. Dollar Token logo
SOURCEUSDON$70.52M
Tether logo
TARGETUSDT$184.21B
GALA logo
GALA$111.06M
CASH logo
CASH$126.47M
Zano logo
ZANO$145.89M
IOTA logo
IOTA$172.44M
The Graph logo
GRT$201.23M
Pendle logo
PENDLE$250.49M
First Digital USD logo
FDUSD$347.37M
TrueUSD logo
TUSD$493.65M
ADI logo
ADI$736.60M
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
Ondo U.S. Dollar Token logo
USDONOndo U.S. Dollar Token
$70.52MSOURCE
GALA logo
GALA
$111.06M
CASH logo
CASH
$126.47M
Zano logo
ZANO
$145.89M
IOTA logo
IOTA
$172.44M
The Graph logo
GRT
$201.23M
Pendle logo
PENDLE
$250.49M
First Digital USD logo
FDUSD
$347.37M
TrueUSD logo
TUSD
$493.65M
ADI logo
ADI
$736.60M
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 USDON HIT USDT MCAP·TARGET $2,612.28
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDON$100.00$261,228.23+$261,128.23
Coffee money1K USDON$1,000.00$2,612,282.32+$2,611,282.32
Small bag10K USDON$10,000.00$26,122,823.24+$26,112,823.24
Real bag100K USDON$100,000.00$261,228,232.36+$261,128,232.36
Whale bag1M USDON$1,000,000.00$2,612,282,323.62+$2,611,282,323.62
Generational10M USDON$10,000,000.00$26,122,823,236.23+$26,112,823,236.23
$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 Ondo U.S. Dollar Token (USDON) and Tether (USDT). With Ondo U.S. Dollar Token currently at $1.00 per coin and a market cap of $70.52M, and Tether at $0.9993 with a market cap of $184.21B, applying Tether's market cap to Ondo U.S. Dollar Token's circulating supply produces a hypothetical USDON price of $2,612.28 — a 2.6Kx move from current.

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 Ondo U.S. Dollar Token had Tether's market cap, what would the price be?

If Ondo U.S. Dollar Token (USDON) had Tether's (USDT) current market cap of $184.21B, each USDON would be worth approximately $2,612.28 based on the circulating supply of 70,516,180 USDON. That is 2.6Kx the current USDON price of $1.00.

What is the current market cap of Ondo U.S. Dollar Token?

Ondo U.S. Dollar Token (USDON) currently has a market cap of $70.52M, ranking #353 by market capitalization. Each USDON 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 USDON compare to USDT?

Ondo U.S. Dollar Token's market cap of $70.52M sits orders of magnitude beyond Tether's $184.21B. For USDON to reach USDT's current valuation, the price would need to move 2.6Kx 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 Ondo U.S. Dollar Token'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.