USDT→
USDEIf had 's mcap →
#3 · USDT
#24 · USDE
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
USDT→
USDEMULTIPLIER▼ 37.6xGAP$178.46B
FOR CONTEXT
$4.88B compared to the world
About this comparison
This page compares the market capitalizations of Tether (USDT) and Ethena USDe (USDE). With Tether currently at $0.9998 per coin and a market cap of $183.34B, and Ethena USDe at $0.9999 with a market cap of $4.88B, applying Ethena USDe's market cap to Tether's circulating supply produces a hypothetical USDT price of $0.0266 — a 0.03x move from current.
Tether: Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.
Ethena USDe: Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.
Frequently asked
If Tether had Ethena USDe's market cap, what would the price be?
If Tether (USDT) had Ethena USDe's (USDE) current market cap of $4.88B, each USDT would be worth approximately $0.0266 based on the circulating supply of 183,384,649,789 USDT. That is 0.03x the current USDT price of $0.9998.
What is the current market cap of Tether?
Tether (USDT) currently has a market cap of $183.34B, ranking #3 by market capitalization. Each USDT trades at $0.9998.
What is the current market cap of Ethena USDe?
Ethena USDe (USDE) currently has a market cap of $4.88B, ranking #24 by market capitalization. Each USDE trades at $0.9999.
How does USDT compare to USDE?
Tether's market cap of $183.34B sits far below Ethena USDe's $4.88B. For USDT to reach USDE's current valuation, the price would need to move 0.03x 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 Tether'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.