LIVE
BTC$64,187.00 2.03%ETH$1,811.66 1.76%USDT$0.9993 0.02%BNB$588.44 0.02%USDC$0.9999 0.01%XRP$1.15 0.78%SOL$82.53 1.26%TRX$0.3291 0.34%FIGR_HELOC$1.04 0.52%HYPE$71.17 0.39%DOGE$0.0773 0.21%USDS$0.9998 0.00%RAIN$0.0151 1.01%LEO$9.41 1.58%ZEC$454.50 1.71%ADA$0.1856 2.70%XLM$0.2017 0.08%WBT$57.61 1.26%XMR$324.91 1.20%LINK$8.06 0.48%CC$0.1384 1.78%LAB$15.85 6.56%BCH$246.58 0.59%GRAM$1.79 0.75%DAI$0.9998 0.02%USD1$0.9990 0.01%USDE$0.9988 0.02%LTC$45.33 0.84%HBAR$0.0738 2.36%USDG$0.9998 0.01%BTC$64,187.00 2.03%ETH$1,811.66 1.76%USDT$0.9993 0.02%BNB$588.44 0.02%USDC$0.9999 0.01%XRP$1.15 0.78%SOL$82.53 1.26%TRX$0.3291 0.34%FIGR_HELOC$1.04 0.52%HYPE$71.17 0.39%DOGE$0.0773 0.21%USDS$0.9998 0.00%RAIN$0.0151 1.01%LEO$9.41 1.58%ZEC$454.50 1.71%ADA$0.1856 2.70%XLM$0.2017 0.08%WBT$57.61 1.26%XMR$324.91 1.20%LINK$8.06 0.48%CC$0.1384 1.78%LAB$15.85 6.56%BCH$246.58 0.59%GRAM$1.79 0.75%DAI$0.9998 0.02%USD1$0.9990 0.01%USDE$0.9988 0.02%LTC$45.33 0.84%HBAR$0.0738 2.36%USDG$0.9998 0.01%
G.MARKETS/PAIR ANALYSIS·Ondo Short-Term U.S. Government Bond Fund logoOUSGTether logoUSDT· LIVE· as of 21:45 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap

OUSG WOULD BE
$0.00000000
currently $115.81 · target mcap $184.21B
MULTIPLIER
0.00x

OUSG needs a 449x move to match USDT's valuation

REALITY CHECKAt OUSG's current 24h rate of +0.04%, compounding daily would take ~46 years to reach USDT's market cap.
COIN PROFILES·OUSG vs USDT
Ondo Short-Term U.S. Government Bond Fund logo
Ondo Short-Term U.S. Government Bond Fund
SOURCE

OUSG is a tokenized short-term US Treasury bills ETF, overseen and managed by Ondo Capital Management, a subsidiary of Ondo Finance.

PRICE$115.81
24H CHANGE 0.04%
MARKET CAP$410.43MFDV $410.43M · Fully circulating
RANK#116
SUPPLY3.5M OUSG
DOMINANCE0.01%
7d 0.12%
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
449x bigger
OUSG$410.43M
USDT$184.21B
THE CLIMBOndo Short-Term U.S. Government Bond Fund logoOUSGTether logoUSDTMULTIPLIER 449xGAP$183.80B
$1.00B$10.00B$100.00B
Ondo Short-Term U.S. Government Bond Fund logo
SOURCEOUSG$410.43M
Tether logo
TARGETUSDT$184.21B
Ether.fi logo
ETHFI$413.96M
TrueUSD logo
TUSD$493.61M
GHO logo
GHO$598.12M
USDtb logo
USDTB$726.76M
POL (ex-MATIC) logo
POL$802.66M
KuCoin logo
KCS$980.19M
DeXe logo
DEXE$1.30B
Ripple USD logo
RLUSD$1.59B
Ondo US Dollar Yield logo
USDY$2.13B
Circle USYC logo
USYC$3.11B
LAB logo
LAB$4.95B
USDS logo
USDS$11.01B
log scale · mcap in USDJul 6, 2026
Ondo Short-Term U.S. Government Bond Fund logo
OUSGOndo Short-Term U.S. Government Bond Fund
$410.43MSOURCE
Ether.fi logo
ETHFI
$413.96M
TrueUSD logo
TUSD
$493.61M
GHO logo
GHO
$598.12M
USDtb logo
USDTB
$726.76M
POL (ex-MATIC) logo
POL
$802.66M
KuCoin logo
KCS
$980.19M
DeXe logo
DEXE
$1.30B
Ripple USD logo
RLUSD
$1.59B
Ondo US Dollar Yield logo
USDY
$2.13B
Circle USYC logo
USYC
$3.11B
LAB logo
LAB
$4.95B
USDS logo
USDS
$11.01B
Tether logo
USDTTether
$184.21BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF OUSG HIT USDT MCAP·TARGET $51,977.18
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 OUSG$11,581.00$5,197,717.55+$5,186,136.55
Coffee money1K OUSG$115,810.00$51,977,175.51+$51,861,365.51
Small bag10K OUSG$1,158,100.00$519,771,755.09+$518,613,655.09
Real bag100K OUSG$11,581,000.00$5,197,717,550.87+$5,186,136,550.87
Whale bag1M OUSG$115,810,000.00$51,977,175,508.69+$51,861,365,508.69
Generational10M OUSG$1,158,100,000.00$519,771,755,086.94+$518,613,655,086.94
$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 Short-Term U.S. Government Bond Fund (OUSG) and Tether (USDT). With Ondo Short-Term U.S. Government Bond Fund currently at $115.81 per coin and a market cap of $410.43M, and Tether at $0.9993 with a market cap of $184.21B, applying Tether's market cap to Ondo Short-Term U.S. Government Bond Fund's circulating supply produces a hypothetical OUSG price of $51,977.18 — a 449x move from current.

Ondo Short-Term U.S. Government Bond Fund: OUSG is a tokenized short-term US Treasury bills ETF, overseen and managed by Ondo Capital Management, a subsidiary of Ondo Finance.

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 Short-Term U.S. Government Bond Fund had Tether's market cap, what would the price be?

If Ondo Short-Term U.S. Government Bond Fund (OUSG) had Tether's (USDT) current market cap of $184.21B, each OUSG would be worth approximately $51,977.18 based on the circulating supply of 3,544,044 OUSG. That is 449x the current OUSG price of $115.81.

What is the current market cap of Ondo Short-Term U.S. Government Bond Fund?

Ondo Short-Term U.S. Government Bond Fund (OUSG) currently has a market cap of $410.43M, ranking #116 by market capitalization. Each OUSG trades at $115.81.

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 OUSG compare to USDT?

Ondo Short-Term U.S. Government Bond Fund's market cap of $410.43M sits far above Tether's $184.21B. For OUSG to reach USDT's current valuation, the price would need to move 449x 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 Short-Term U.S. Government Bond Fund'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.