G.MARKETS
BTC$64,362.00-0.50%
GokhshteinNews
LIVE
BTC$64,362.00▼ 0.50%ETH$1,905.80▼ 0.60%USDT$0.9992▲ 0.00%BNB$589.91▼ 1.60%USDC$0.9996▲ 0.00%XRP$1.03▼ 3.20%SOL$72.58▼ 2.40%TRX$0.3267▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.13▼ 2.90%DOGE$0.0687▼ 2.20%USDS$0.9999▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$493.73▼ 4.60%ADA$0.2030▲ 7.70%XMR$366.14▲ 2.40%WBT$55.78▼ 0.50%LINK$8.22▲ 0.10%XLM$0.1608▼ 3.90%DAI$0.9998▲ 0.00%BCH$213.49▼ 0.70%USD1$0.9996▲ 0.00%USDE$0.9995▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0953▼ 9.00%LTC$45.42▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0685▼ 1.40%BTC$64,362.00▼ 0.50%ETH$1,905.80▼ 0.60%USDT$0.9992▲ 0.00%BNB$589.91▼ 1.60%USDC$0.9996▲ 0.00%XRP$1.03▼ 3.20%SOL$72.58▼ 2.40%TRX$0.3267▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.13▼ 2.90%DOGE$0.0687▼ 2.20%USDS$0.9999▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$493.73▼ 4.60%ADA$0.2030▲ 7.70%XMR$366.14▲ 2.40%WBT$55.78▼ 0.50%LINK$8.22▲ 0.10%XLM$0.1608▼ 3.90%DAI$0.9998▲ 0.00%BCH$213.49▼ 0.70%USD1$0.9996▲ 0.00%USDE$0.9995▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0953▼ 9.00%LTC$45.42▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0685▼ 1.40%
ACTIVETetherUSDT→Ethena USDeUSDE
USDT WOULD BE$0.0212
MULTIPLIER▼ 0.02x
TARGET MCAP$3.88B
G.MARKETS/PAIR ANALYSIS·Tether logoUSDT→Ethena USDe logoUSDE· LIVE· as of 19:29 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

USDT WOULD BE
$0.00000000
currently $0.9992 · target mcap $3.88B
MULTIPLIER
▼0.00x

USDT would drop to 0.02x of its current price at USDE's valuation

COIN PROFILES·USDT vs USDE
Tether logo
USDTVerified by G.MARKETS
Tether
SOURCE

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

PRICE$0.9992
24H CHANGE▲ 0.00%
MARKET CAP$183.41BFDV $188.88B · 3% supply locked
RANK#3
SUPPLY183.6B USDT
DOMINANCE6.11%
7d▲ 0.00%
VS
Ethena USDe logo
USDEUnverified
Ethena USDe
TARGET

Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

PRICE$0.9995
24H CHANGE▲ 0.00%
MARKET CAP$3.88BFDV $3.88B · Fully circulating
RANK#24
SUPPLY3.9B USDE
DOMINANCE0.13%
7d▲ 0.00%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
2.1% the size
USDT$183.41B
USDE$3.88B
THE CLIMBTether logoUSDT→Ethena USDe logoUSDEMULTIPLIER▼ 47.2xGAP$179.53B
$10.00B$100.00B
Tether logo
SOURCEUSDT$183.41B
Ethena USDe logo
TARGETUSDE$3.88B
USD1 logo
USD1$3.99B
Dai logo
DAI$4.59B
Stellar logo
XLM$5.52B
WhiteBIT Coin logo
WBT$6.59B
Cardano logo
ADA$7.59B
Zcash logo
ZEC$8.29B
Rain logo
RAIN$9.00B
Dogecoin logo
DOGE$10.67B
Hyperliquid logo
HYPE$12.49B
TRON logo
TRX$31.00B
XRP logo
XRP$64.61B
USDC logo
USDC$71.86B
log scale · mcap in USDAug 6, 2026
Tether logo
USDTTether
$183.41BSOURCE
USD1 logo
USD1
$3.99B
Dai logo
DAI
$4.59B
Stellar logo
XLM
$5.52B
WhiteBIT Coin logo
WBT
$6.59B
Cardano logo
ADA
$7.59B
Zcash logo
ZEC
$8.29B
Rain logo
RAIN
$9.00B
Dogecoin logo
DOGE
$10.67B
Hyperliquid logo
HYPE
$12.49B
TRON logo
TRX
$31.00B
XRP logo
XRP
$64.61B
USDC logo
USDC
$71.86B
Ethena USDe logo
USDEEthena USDe
$3.88BTARGET
mcap in USDAug 6, 2026
BAG SCENARIOS·IF USDT HIT USDE MCAP·TARGET $0.0212
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDT$99.92$2.12−$97.81
Coffee money1K USDT$999.23$21.16−$978.07
Small bag10K USDT$9,992.26$211.56−$9,780.70
Real bag100K USDT$99,922.60$2,115.60−$97,807.00
Whale bag1M USDT$999,226.00$21,156.03−$978,069.97
Generational10M USDT$9,992,260.00$211,560.33−$9,780,699.67

FOR CONTEXT

$3.88B compared to the world
NikeNKE
$130.00B
USDE mcap is 3.0% of Nike
StarbucksSBUX
$100.00B
USDE mcap is 3.9% of Starbucks
SpotifySPOT
$90.00B
USDE mcap is 4.3% of Spotify
RobloxRBLX
$30.00B
USDE mcap is 12.9% of Roblox
RedditRDDT
$25.00B
USDE mcap is 15.5% of Reddit
SnapchatSNAP
$20.00B
USDE mcap is 19.4% of Snapchat
RELATED COMPARISONS·OTHER WAYS TO ASK
Tether logoUSDTVerified by G.MARKETS→Bitcoin logoBTCVerified by G.MARKETS
$7.04▲ 7.04x
Tether logoUSDTVerified by G.MARKETS→Ethereum logoETHVerified by G.MARKETS
$1.25▲ 1.25x
Tether logoUSDTVerified by G.MARKETS→BNB logoBNBVerified by G.MARKETS
$0.4280▼ 0.43x
Tether logoUSDTVerified by G.MARKETS→USDC logoUSDCVerified by G.MARKETS
$0.3915▼ 0.39x
Tether logoUSDTVerified by G.MARKETS→XRP logoXRPVerified by G.MARKETS
$0.3520▼ 0.35x
Tether logoUSDTVerified by G.MARKETS→Solana logoSOLVerified by G.MARKETS
$0.2299▼ 0.23x

About this comparison

This page compares the market capitalizations of Tether (USDT) and Ethena USDe (USDE). With Tether currently at $0.9992 per coin and a market cap of $183.41B, and Ethena USDe at $0.9995 with a market cap of $3.88B, applying Ethena USDe's market cap to Tether's circulating supply produces a hypothetical USDT price of $0.0212 — a 0.02x 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 $3.88B, each USDT would be worth approximately $0.0212 based on the circulating supply of 183,554,413,357 USDT. That is 0.02x the current USDT price of $0.9992.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $183.41B, ranking #3 by market capitalization. Each USDT trades at $0.9992.

What is the current market cap of Ethena USDe?

Ethena USDe (USDE) currently has a market cap of $3.88B, ranking #24 by market capitalization. Each USDE trades at $0.9995.

How does USDT compare to USDE?

Tether's market cap of $183.41B sits far below Ethena USDe's $3.88B. For USDT to reach USDE's current valuation, the price would need to move 0.02x 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.