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→USDCUSDC
USDT WOULD BE$0.3950
MULTIPLIER▼ 0.40x
TARGET MCAP$72.81B
G.MARKETS/PAIR ANALYSIS·Tether logoUSDT→USDC logoUSDC· 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 $72.81B
MULTIPLIER
▼0.00x

USDT would drop to 0.40x of its current price at USDC's valuation

COIN PROFILES·USDT vs USDC
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
USDC logo
USDCVerified by G.MARKETS
USDC
TARGET

USDC is a fully collateralized US dollar stablecoin.

PRICE$0.9997
24H CHANGE▼ 0.01%
MARKET CAP$72.81BFDV $72.88B · Fully circulating
RANK#5
SUPPLY72.8B USDC
DOMINANCE2.43%
7d▼ 0.03%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
39.5% the size
USDT$184.14B
USDC$72.81B
THE CLIMBTether logoUSDT→USDC logoUSDCMULTIPLIER▼ 2.53xGAP$111.33B
$100.00B
Tether logo
SOURCEUSDT$184.14B
USDC logo
TARGETUSDC$72.81B
BNB logo
BNB$78.56B
log scale · mcap in USDJul 6, 2026
Tether logo
USDTTether
$184.14BSOURCE
BNB logo
BNB
$78.56B
USDC logo
USDCUSDC
$72.81BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF USDT HIT USDC MCAP·TARGET $0.3950
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDT$99.90$39.50−$60.40
Coffee money1K USDT$998.99$394.96−$604.03
Small bag10K USDT$9,989.90$3,949.63−$6,040.27
Real bag100K USDT$99,899.00$39,496.28−$60,402.72
Whale bag1M USDT$998,990.00$394,962.80−$604,027.20
Generational10M USDT$9,989,900.00$3,949,627.95−$6,040,272.05

FOR CONTEXT

$72.81B compared to the world
UberUBER
$160.00B
USDC mcap is 45.5% of Uber
NikeNKE
$130.00B
USDC mcap is 56.0% of Nike
StarbucksSBUX
$100.00B
USDC mcap is 72.8% of Starbucks
SpotifySPOT
$90.00B
USDC mcap is 80.9% of Spotify
RobloxRBLX
$30.00B
USDC mcap is 2.43× Roblox
RedditRDDT
$25.00B
USDC mcap is 2.91× Reddit
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→Ethereum logoETHVerified by G.MARKETS
$1.16▲ 1.16x
Tether logoUSDTVerified by G.MARKETS→BNB logoBNBVerified by G.MARKETS
$0.4262▼ 0.43x
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 USDC (USDC). With Tether currently at $0.9990 per coin and a market cap of $184.14B, and USDC at $0.9997 with a market cap of $72.81B, applying USDC's market cap to Tether's circulating supply produces a hypothetical USDT price of $0.3950 — a 0.40x move from current.

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

USDC: USDC is a fully collateralized US dollar stablecoin.

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

If Tether (USDT) had USDC's (USDC) current market cap of $72.81B, each USDT would be worth approximately $0.3950 based on the circulating supply of 184,334,482,787 USDT. That is 0.40x 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 USDC?

USDC (USDC) currently has a market cap of $72.81B, ranking #5 by market capitalization. Each USDC trades at $0.9997.

How does USDT compare to USDC?

Tether's market cap of $184.14B sits well below USDC's $72.81B. For USDT to reach USDC's current valuation, the price would need to move 0.40x 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.