G.MARKETS
BTC$63,138.00+0.68%
LIVE
BTC$63,138.00▲ 0.68%ETH$1,773.18▲ 0.49%USDT$0.9990▼ 0.02%BNB$582.94▲ 2.12%USDC$0.9997▼ 0.01%XRP$1.14▲ 0.54%SOL$80.59▲ 0.15%TRX$0.3287▲ 1.30%FIGR_HELOC$1.01▲ 0.00%HYPE$71.55▲ 4.20%DOGE$0.0768▲ 1.08%USDS$0.9997▼ 0.00%RAIN$0.0151▼ 1.71%LEO$9.37▲ 2.22%ZEC$454.44▼ 0.06%ADA$0.1862▼ 2.01%XLM$0.1993▼ 1.26%WBT$56.99▲ 0.69%XMR$321.42▼ 2.84%LINK$7.96▲ 0.84%CC$0.1431▲ 3.24%LAB$16.18▼ 0.85%BCH$240.50▲ 0.63%GRAM$1.75▼ 1.14%DAI$0.9997▼ 0.02%USD1$0.9986▼ 0.02%USDE$0.9985▼ 0.01%LTC$45.07▲ 1.96%HBAR$0.0751▲ 0.02%USYC$1.13▲ 0.00%BTC$63,138.00▲ 0.68%ETH$1,773.18▲ 0.49%USDT$0.9990▼ 0.02%BNB$582.94▲ 2.12%USDC$0.9997▼ 0.01%XRP$1.14▲ 0.54%SOL$80.59▲ 0.15%TRX$0.3287▲ 1.30%FIGR_HELOC$1.01▲ 0.00%HYPE$71.55▲ 4.20%DOGE$0.0768▲ 1.08%USDS$0.9997▼ 0.00%RAIN$0.0151▼ 1.71%LEO$9.37▲ 2.22%ZEC$454.44▼ 0.06%ADA$0.1862▼ 2.01%XLM$0.1993▼ 1.26%WBT$56.99▲ 0.69%XMR$321.42▼ 2.84%LINK$7.96▲ 0.84%CC$0.1431▲ 3.24%LAB$16.18▼ 0.85%BCH$240.50▲ 0.63%GRAM$1.75▼ 1.14%DAI$0.9997▼ 0.02%USD1$0.9986▼ 0.02%USDE$0.9985▼ 0.01%LTC$45.07▲ 1.96%HBAR$0.0751▲ 0.02%USYC$1.13▲ 0.00%
ACTIVETetherUSDT→EthereumETH
USDT WOULD BE$1.16
MULTIPLIER▲ 1.16x
TARGET MCAP$214.03B
G.MARKETS/PAIR ANALYSIS·Tether logoUSDT→Ethereum logoETH· LIVE· as of 05:10 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

USDT WOULD BE
$0.00000000
currently $0.9990 · target mcap $214.03B
MULTIPLIER
▲0.00x

USDT needs a 1.16x move to match ETH's valuation

COIN PROFILES·USDT vs ETH
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$0.9990
24H CHANGE▼ 0.02%
MARKET CAP$184.14BFDV $189.60B · 3% supply locked
RANK#3
SUPPLY184.3B USDT
DOMINANCE6.14%
7d▼ 0.05%
VS
Ethereum logo
ETHVerified by G.MARKETS
Ethereum
TARGET

Ethereum is a global, open-source platform for decentralized applications.

PRICE$1,773.18
24H CHANGE▲ 0.49%
MARKET CAP$214.03BFDV $214.03B · Fully circulating
RANK#2
SUPPLY120.7M ETH
DOMINANCE7.13%
7d▲ 1.58%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
1.16x bigger
USDT$184.14B
ETH$214.03B
THE CLIMBTether logoUSDT→Ethereum logoETHMULTIPLIER▲ 1.16xGAP$29.89B
Tether logo
SOURCEUSDT$184.14B
Ethereum logo
TARGETETH$214.03B
log scale · mcap in USDJul 6, 2026
Tether logo
USDTTether
$184.14BSOURCE
Ethereum logo
ETHEthereum
$214.03BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF USDT HIT ETH MCAP·TARGET $1.16
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDT$99.90$116.11+$16.21
Coffee money1K USDT$998.99$1,161.09+$162.10
Small bag10K USDT$9,989.90$11,610.87+$1,620.97
Real bag100K USDT$99,899.00$116,108.73+$16,209.73
Whale bag1M USDT$998,990.00$1,161,087.32+$162,097.32
Generational10M USDT$9,989,900.00$11,610,873.19+$1,620,973.19

FOR CONTEXT

$214.03B compared to the world
UnitedHealthUNH
$450.00B
ETH mcap is 47.6% of UnitedHealth
NetflixNFLX
$380.00B
ETH mcap is 56.3% of Netflix
UberUBER
$160.00B
ETH mcap is 1.34× Uber
NikeNKE
$130.00B
ETH mcap is 1.65× Nike
StarbucksSBUX
$100.00B
ETH mcap is 2.14× Starbucks
SpotifySPOT
$90.00B
ETH mcap is 2.38× Spotify
RELATED COMPARISONS·OTHER WAYS TO ASK
Tether logoUSDTVerified by G.MARKETS→Bitcoin logoBTCVerified by G.MARKETS
$6.87▲ 6.87x
Tether logoUSDTVerified by G.MARKETS→BNB logoBNBVerified by G.MARKETS
$0.4262▼ 0.43x
Tether logoUSDTVerified by G.MARKETS→USDC logoUSDCVerified by G.MARKETS
$0.3950▼ 0.40x
Tether logoUSDTVerified by G.MARKETS→XRP logoXRPVerified by G.MARKETS
$0.3859▼ 0.39x
Tether logoUSDTVerified by G.MARKETS→Solana logoSOLVerified by G.MARKETS
$0.2541▼ 0.25x
Tether logoUSDTVerified by G.MARKETS→TRON logoTRXVerified by G.MARKETS
$0.1692▼ 0.17x

About this comparison

This page compares the market capitalizations of Tether (USDT) and Ethereum (ETH). With Tether currently at $0.9990 per coin and a market cap of $184.14B, and Ethereum at $1,773.18 with a market cap of $214.03B, applying Ethereum's market cap to Tether's circulating supply produces a hypothetical USDT price of $1.16 — a 1.16x move from current.

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

Ethereum: Ethereum is a global, open-source platform for decentralized applications.

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 Ethereum's market cap, what would the price be?

If Tether (USDT) had Ethereum's (ETH) current market cap of $214.03B, each USDT would be worth approximately $1.16 based on the circulating supply of 184,334,482,787 USDT. That is 1.16x the current USDT price of $0.9990.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $184.14B, ranking #3 by market capitalization. Each USDT trades at $0.9990.

What is the current market cap of Ethereum?

Ethereum (ETH) currently has a market cap of $214.03B, ranking #2 by market capitalization. Each ETH trades at $1,773.18.

How does USDT compare to ETH?

Tether's market cap of $184.14B sits slightly above Ethereum's $214.03B. For USDT to reach ETH's current valuation, the price would need to move 1.16x 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.