LIVE
BTC$86,209.00▲ 1.30%ETH$2,719.08▲ 0.73%USDT$0.9998▼ 0.01%BNB$788.57▼ 0.09%XRP$1.51▲ 1.27%USDC$0.9999▼ 0.01%SOL$121.02▲ 0.14%TRX$0.3358▲ 0.20%FIGR_HELOC$1.07▲ 0.00%ZEC$1,327.94▲ 0.30%HYPE$93.13▲ 2.82%DOGE$0.0968▲ 4.02%LINK$14.14▲ 0.63%XMR$545.07▼ 1.31%ADA$0.2717▲ 10.96%WBT$85.79▲ 1.50%USDS$0.9998▼ 0.01%RAIN$0.0123▼ 4.81%LEO$8.92▼ 0.20%XLM$0.2223▲ 2.56%NEAR$5.04▲ 5.09%BCH$316.50▼ 0.53%UNI$9.01▼ 0.19%LTC$70.13▼ 0.43%SUI$1.23▲ 4.85%CC$0.1268▲ 2.93%USDE$0.9997▼ 0.00%AVAX$10.99▼ 0.19%DAI$1.0000▲ 0.01%HBAR$0.1034▲ 1.38%BTC$86,209.00▲ 1.30%ETH$2,719.08▲ 0.73%USDT$0.9998▼ 0.01%BNB$788.57▼ 0.09%XRP$1.51▲ 1.27%USDC$0.9999▼ 0.01%SOL$121.02▲ 0.14%TRX$0.3358▲ 0.20%FIGR_HELOC$1.07▲ 0.00%ZEC$1,327.94▲ 0.30%HYPE$93.13▲ 2.82%DOGE$0.0968▲ 4.02%LINK$14.14▲ 0.63%XMR$545.07▼ 1.31%ADA$0.2717▲ 10.96%WBT$85.79▲ 1.50%USDS$0.9998▼ 0.01%RAIN$0.0123▼ 4.81%LEO$8.92▼ 0.20%XLM$0.2223▲ 2.56%NEAR$5.04▲ 5.09%BCH$316.50▼ 0.53%UNI$9.01▼ 0.19%LTC$70.13▼ 0.43%SUI$1.23▲ 4.85%CC$0.1268▲ 2.93%USDE$0.9997▼ 0.00%AVAX$10.99▼ 0.19%DAI$1.0000▲ 0.01%HBAR$0.1034▲ 1.38%
G.MARKETS/PAIR ANALYSIS·Ondo U.S. Dollar Token logoUSDON→Tether logoUSDT· LIVE· as of 08:58 UTC
THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

USDON WOULD BE
$0.00000000
currently $1.00 · target mcap $184.05B
▲ 0.00x TO MATCHUSDON NEEDS A 2.7Kx MOVE TO MATCH USDT
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$68.19MFDV $68.17M · Fully circulating
RANK#390
SUPPLY68.2M 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$0.9998
24H CHANGE▼ 0.01%
MARKET CAP$184.05BFDV $189.52B · 3% supply locked
RANK#3
SUPPLY184.1B USDT
DOMINANCE6.13%
7d▲ 0.01%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
2.7Kx bigger
USDON$68.19M
USDT$184.05B
THE CLIMBOndo U.S. Dollar Token logoUSDON→Tether logoUSDTMULTIPLIER▲ 2.7KxGAP$183.98B
$100.00M$1.00B$10.00B$100.00B
Ondo U.S. Dollar Token logo
SOURCEUSDON$68.19M
Tether logo
TARGETUSDT$184.05B
Beam logo
BEAM$128.78M
Aethir logo
ATH$149.74M
Immutable logo
IMX$167.70M
Convex Finance logo
CVX$214.19M
THORChain logo
RUNE$256.44M
Decred logo
DCR$323.98M
Pendle logo
PENDLE$427.04M
Artificial Superintelligence Alliance logo
FET$618.46M
Filecoin logo
FIL$886.64M
Spiko Amundi Overnight Swap Fund (EUR) logo
EURSAFO$1.53B
Ethena logo
ENA$2.62B
Litecoin logo
LTC$5.45B
log scale · mcap in USDOct 5, 2026
Ondo U.S. Dollar Token logo
USDONOndo U.S. Dollar Token
$68.19MSOURCE
Beam logo
BEAM
$128.78M
Aethir logo
ATH
$149.74M
Immutable logo
IMX
$167.70M
Convex Finance logo
CVX
$214.19M
THORChain logo
RUNE
$256.44M
Decred logo
DCR
$323.98M
Pendle logo
PENDLE
$427.04M
Artificial Superintelligence Alliance logo
FET
$618.46M
Filecoin logo
FIL
$886.64M
Spiko Amundi Overnight Swap Fund (EUR) logo
EURSAFO
$1.53B
Ethena logo
ENA
$2.62B
Litecoin logo
LTC
$5.45B
Tether logo
USDTTether
$184.05BTARGET
mcap in USDOct 5, 2026
BAG SCENARIOS·IF USDON HIT USDT MCAP·TARGET $2,699.07
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDON$100.00$269,906.89+$269,806.89
Coffee money1K USDON$1,000.00$2,699,068.85+$2,698,068.85
Small bag10K USDON$10,000.00$26,990,688.52+$26,980,688.52
Real bag100K USDON$100,000.00$269,906,885.21+$269,806,885.21
Whale bag1M USDON$1,000,000.00$2,699,068,852.15+$2,698,068,852.15
Generational10M USDON$10,000,000.00$26,990,688,521.47+$26,980,688,521.47
$184.05B 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 2.04× 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 $68.19M, and Tether at $0.9998 with a market cap of $184.05B, applying Tether's market cap to Ondo U.S. Dollar Token's circulating supply produces a hypothetical USDON price of $2,699.07 — a 2.7Kx 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 $184.05B, each USDON would be worth approximately $2,699.07 based on the circulating supply of 68,190,077 USDON. That is 2.7Kx 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 $68.19M, ranking #390 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 $184.05B, ranking #3 by market capitalization. Each USDT trades at $0.9998.

How does USDON compare to USDT?

Ondo U.S. Dollar Token's market cap of $68.19M sits orders of magnitude beyond Tether's $184.05B. For USDON to reach USDT's current valuation, the price would need to move 2.7Kx 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 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.