ACTIVE

PYUSD→

ENA

PYUSD WOULD BE$0.9604

MULTIPLIER▼ 0.96x

TARGET MCAP$2.68B

G.MARKETS/PAIR ANALYSIS·

PYUSD→

ENA· LIVE· as of 01:18 UTC

THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

PYUSD WOULD BE

$0.00000000

currently $0.9999 · target mcap $2.68B

#38 · PYUSD$0.9999▲ 0.0%

#40 · ENA$0.2658▲ 14.5%

▼ 0.00x TO MATCHPYUSD WOULD FALL TO 0.96x OF TODAY AT ENA'S VALUATION

COIN PROFILES·PYUSD vs ENA

PYUSDUnverified

PayPal USD

SOURCE

PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S.

PRICE$0.9999

24H CHANGE▲ 0.00%

MARKET CAP$2.79BFDV $2.79B · Fully circulating

RANK#38

SUPPLY2.8B PYUSD

DOMINANCE0.09%

7d▼ 0.01%

ENAUnverified

Ethena

TARGET

PRICE$0.2658

24H CHANGE▲ 14.47%

MARKET CAP$2.68BFDV $3.99B · 33% supply locked

RANK#40

SUPPLY10.1B ENA

DOMINANCE0.09%

7d▲ 53.35%

PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y

SCALE·AREA = MARKET CAP

MARKET CAParea = proportional cap

PYUSD$2.79B

ENA$2.68B

THE CLIMB

PYUSD→

ENAMULTIPLIER▼ 1.04xGAP$110.45M

SOURCEPYUSD$2.79B

TARGETENA$2.68B

M$2.74B

log scale · mcap in USDSep 26, 2026

PYUSDPayPal USD

$2.79BSOURCE

$2.74B

ENAEthena

$2.68BTARGET

mcap in USDSep 26, 2026

BAG SCENARIOS·IF PYUSD HIT ENA MCAP·TARGET $0.9604

SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN

$10 starter100 PYUSD$99.99$96.04−$3.95

Coffee money1K PYUSD$999.93$960.41−$39.53

Small bag10K PYUSD$9,999.33$9,604.06−$395.27

Real bag100K PYUSD$99,993.30$96,040.58−$3,952.72

Whale bag1M PYUSD$999,933.00$960,405.81−$39,527.19

Generational10M PYUSD$9,999,330.00$9,604,058.11−$395,271.89

FOR CONTEXT

$2.68B compared to the world

NikeNKE

$130.00B

ENA mcap is 2.1% of Nike

StarbucksSBUX

$100.00B

ENA mcap is 2.7% of Starbucks

SpotifySPOT

$90.00B

ENA mcap is 3.0% of Spotify

RobloxRBLX

$30.00B

ENA mcap is 8.9% of Roblox

RedditRDDT

$25.00B

ENA mcap is 10.7% of Reddit

SnapchatSNAP

$20.00B

ENA mcap is 13.4% of Snapchat

RELATED COMPARISONS·OTHER WAYS TO ASK

About this comparison

This page compares the market capitalizations of PayPal USD (PYUSD) and Ethena (ENA). With PayPal USD currently at $0.9999 per coin and a market cap of $2.79B, and Ethena at $0.2658 with a market cap of $2.68B, applying Ethena's market cap to PayPal USD's circulating supply produces a hypothetical PYUSD price of $0.9604 — a 0.96x move from current.

PayPal USD: PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by 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 PayPal USD had Ethena's market cap, what would the price be?

If PayPal USD (PYUSD) had Ethena's (ENA) current market cap of $2.68B, each PYUSD would be worth approximately $0.9604 based on the circulating supply of 2,794,449,825 PYUSD. That is 0.96x the current PYUSD price of $0.9999.

What is the current market cap of PayPal USD?

PayPal USD (PYUSD) currently has a market cap of $2.79B, ranking #38 by market capitalization. Each PYUSD trades at $0.9999.

What is the current market cap of Ethena?

Ethena (ENA) currently has a market cap of $2.68B, ranking #40 by market capitalization. Each ENA trades at $0.2658.

How does PYUSD compare to ENA?

PayPal USD's market cap of $2.79B sits below Ethena's $2.68B. For PYUSD to reach ENA's current valuation, the price would need to move 0.96x 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 PayPal USD'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.

If PYUSD▾ had ENA▾'s mcap →

FOR CONTEXT

About this comparison

Frequently asked

More comparisons

If had 's mcap →