LIVE
BTC$77,051.00▼ 5.07%ETH$2,211.75▼ 6.12%USDT$0.9985▼ 0.06%BNB$684.09▼ 9.90%XRP$1.22▼ 8.13%USDC$0.9990▼ 0.05%SOL$93.24▼ 8.79%TRX$0.3581▲ 8.80%FIGR_HELOC$1.03▲ 0.03%HYPE$88.99▲ 10.43%ZEC$1,202.06▼ 8.11%DOGE$0.0731▼ 8.39%XMR$604.47▲ 1.21%USDS$0.9990▼ 0.07%WBT$73.74▼ 5.34%LEO$9.45▲ 0.33%LINK$10.37▼ 12.29%ADA$0.1844▼ 10.59%XLM$0.1593▼ 7.56%BCH$266.46▼ 7.89%NEAR$3.99▼ 15.36%RAIN$0.006627▼ 2.69%DAI$0.9998▼ 0.02%USDE$0.9978▼ 0.16%LTC$53.56▼ 10.12%UNI$6.36▼ 12.57%USD1$0.9974▼ 0.17%CC$0.0922▼ 8.25%AVAX$8.09▼ 10.09%SUI$0.8408▼ 11.09%BTC$77,051.00▼ 5.07%ETH$2,211.75▼ 6.12%USDT$0.9985▼ 0.06%BNB$684.09▼ 9.90%XRP$1.22▼ 8.13%USDC$0.9990▼ 0.05%SOL$93.24▼ 8.79%TRX$0.3581▲ 8.80%FIGR_HELOC$1.03▲ 0.03%HYPE$88.99▲ 10.43%ZEC$1,202.06▼ 8.11%DOGE$0.0731▼ 8.39%XMR$604.47▲ 1.21%USDS$0.9990▼ 0.07%WBT$73.74▼ 5.34%LEO$9.45▲ 0.33%LINK$10.37▼ 12.29%ADA$0.1844▼ 10.59%XLM$0.1593▼ 7.56%BCH$266.46▼ 7.89%NEAR$3.99▼ 15.36%RAIN$0.006627▼ 2.69%DAI$0.9998▼ 0.02%USDE$0.9978▼ 0.16%LTC$53.56▼ 10.12%UNI$6.36▼ 12.57%USD1$0.9974▼ 0.17%CC$0.0922▼ 8.25%AVAX$8.09▼ 10.09%SUI$0.8408▼ 11.09%
G.MARKETS/PAIR ANALYSIS·Theo Short Duration US Treasury Fund logoTHBILL→Tether logoUSDT· LIVE· as of 00:26 UTC
THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

THBILL WOULD BE
$0.00000000
currently $1.01 · target mcap $180.24B
▲ 0.00x TO MATCHTHBILL NEEDS A 1.5Kx MOVE TO MATCH USDT
COIN PROFILES·THBILL vs USDT
Theo Short Duration US Treasury Fund logo
Theo Short Duration US Treasury Fund
SOURCE

Theo is an institutional-grade tokenization platform that connects onchain capital to global financial markets.

PRICE$1.01
24H CHANGE▼ 0.07%
MARKET CAP$117.32MFDV $117.32M · Fully circulating
RANK#238
SUPPLY115.8M THBILL
DOMINANCE<0.01%
7d▼ 0.18%
VS
Tether logo
USDTVerified by G.MARKETS
Tether
TARGET

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

PRICE$0.9985
24H CHANGE▼ 0.06%
MARKET CAP$180.24BFDV $186.21B · 3% supply locked
RANK#3
SUPPLY180.5B USDT
DOMINANCE6.01%
7d▼ 0.03%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
1.5Kx bigger
THBILL$117.32M
USDT$180.24B
THE CLIMBTheo Short Duration US Treasury Fund logoTHBILL→Tether logoUSDTMULTIPLIER▲ 1.5KxGAP$180.12B
$1.00B$10.00B$100.00B
Theo Short Duration US Treasury Fund logo
SOURCETHBILL$117.32M
Tether logo
TARGETUSDT$180.24B
Cap logo
CAP$118.49M
Decentraland logo
MANA$137.38M
Theta Network logo
THETA$154.62M
BTSE Token logo
BTSE$182.58M
Legacy Frax Dollar logo
FRAX$217.13M
Olympus logo
OHM$281.27M
Re Protocol reUSD logo
REUSD$364.72M
Flare logo
FLR$518.14M
Cosmos Hub logo
ATOM$782.98M
Polkadot logo
DOT$1.51B
Circle USYC logo
USYC$2.36B
Rain logo
RAIN$4.72B
log scale · mcap in USDOct 30, 2026
Theo Short Duration US Treasury Fund logo
THBILLTheo Short Duration US Treasury Fund
$117.32MSOURCE
Cap logo
CAP
$118.49M
Decentraland logo
MANA
$137.38M
Theta Network logo
THETA
$154.62M
BTSE Token logo
BTSE
$182.58M
Legacy Frax Dollar logo
FRAX
$217.13M
Olympus logo
OHM
$281.27M
Re Protocol reUSD logo
REUSD
$364.72M
Flare logo
FLR
$518.14M
Cosmos Hub logo
ATOM
$782.98M
Polkadot logo
DOT
$1.51B
Circle USYC logo
USYC
$2.36B
Rain logo
RAIN
$4.72B
Tether logo
USDTTether
$180.24BTARGET
mcap in USDOct 30, 2026
BAG SCENARIOS·IF THBILL HIT USDT MCAP·TARGET $1,555.86
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 THBILL$101.30$155,586.14+$155,484.84
Coffee money1K THBILL$1,013.00$1,555,861.37+$1,554,848.37
Small bag10K THBILL$10,130.00$15,558,613.71+$15,548,483.71
Real bag100K THBILL$101,300.00$155,586,137.15+$155,484,837.15
Whale bag1M THBILL$1,013,000.00$1,555,861,371.49+$1,554,848,371.49
Generational10M THBILL$10,130,000.00$15,558,613,714.91+$15,548,483,714.91
$180.24B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 40.1% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 47.4% of Netflix
UberUBER
$160.00B
USDT mcap is 1.13× Uber
NikeNKE
$130.00B
USDT mcap is 1.39× Nike
StarbucksSBUX
$100.00B
USDT mcap is 1.80× Starbucks
SpotifySPOT
$90.00B
USDT mcap is 2.00× Spotify

About this comparison

This page compares the market capitalizations of Theo Short Duration US Treasury Fund (THBILL) and Tether (USDT). With Theo Short Duration US Treasury Fund currently at $1.01 per coin and a market cap of $117.32M, and Tether at $0.9985 with a market cap of $180.24B, applying Tether's market cap to Theo Short Duration US Treasury Fund's circulating supply produces a hypothetical THBILL price of $1,555.86 — a 1.5Kx move from current.

Theo Short Duration US Treasury Fund: Theo is an institutional-grade tokenization platform that connects onchain capital to global financial markets.

Tether: Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the 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 Theo Short Duration US Treasury Fund had Tether's market cap, what would the price be?

If Theo Short Duration US Treasury Fund (THBILL) had Tether's (USDT) current market cap of $180.24B, each THBILL would be worth approximately $1,555.86 based on the circulating supply of 115,843,690 THBILL. That is 1.5Kx the current THBILL price of $1.01.

What is the current market cap of Theo Short Duration US Treasury Fund?

Theo Short Duration US Treasury Fund (THBILL) currently has a market cap of $117.32M, ranking #238 by market capitalization. Each THBILL trades at $1.01.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $180.24B, ranking #3 by market capitalization. Each USDT trades at $0.9985.

How does THBILL compare to USDT?

Theo Short Duration US Treasury Fund's market cap of $117.32M sits orders of magnitude beyond Tether's $180.24B. For THBILL to reach USDT's current valuation, the price would need to move 1.5Kx 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 Theo Short Duration US Treasury Fund'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.