LIVE
BTC$64,019.00 0.73%ETH$1,798.49 0.79%USDT$0.9993 0.03%BNB$586.08 0.50%USDC$0.9999 0.02%XRP$1.15 1.03%SOL$81.97 0.47%TRX$0.3293 0.15%FIGR_HELOC$1.04 0.52%HYPE$70.69 0.57%DOGE$0.0766 1.79%USDS$0.9998 0.01%RAIN$0.0151 0.16%LEO$9.39 1.38%ZEC$455.83 1.53%ADA$0.1844 2.78%XLM$0.1998 1.40%WBT$57.50 0.27%XMR$323.29 1.47%LINK$8.02 0.60%CC$0.1383 2.20%GRAM$1.79 0.47%BCH$241.61 0.93%LAB$15.42 7.69%DAI$0.9998 0.00%USD1$0.9991 0.01%USDE$0.9988 0.03%LTC$44.82 2.11%HBAR$0.0734 3.55%USDG$0.9998 0.02%BTC$64,019.00 0.73%ETH$1,798.49 0.79%USDT$0.9993 0.03%BNB$586.08 0.50%USDC$0.9999 0.02%XRP$1.15 1.03%SOL$81.97 0.47%TRX$0.3293 0.15%FIGR_HELOC$1.04 0.52%HYPE$70.69 0.57%DOGE$0.0766 1.79%USDS$0.9998 0.01%RAIN$0.0151 0.16%LEO$9.39 1.38%ZEC$455.83 1.53%ADA$0.1844 2.78%XLM$0.1998 1.40%WBT$57.50 0.27%XMR$323.29 1.47%LINK$8.02 0.60%CC$0.1383 2.20%GRAM$1.79 0.47%BCH$241.61 0.93%LAB$15.42 7.69%DAI$0.9998 0.00%USD1$0.9991 0.01%USDE$0.9988 0.03%LTC$44.82 2.11%HBAR$0.0734 3.55%USDG$0.9998 0.02%
G.MARKETS/PAIR ANALYSIS·THORChain logoRUNETether logoUSDT· LIVE· as of 23:47 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap

RUNE WOULD BE
$0.00000000
currently $0.4029 · target mcap $184.21B
MULTIPLIER
0.00x

RUNE needs a 1.4Kx move to match USDT's valuation

COIN PROFILES·RUNE vs USDT
THORChain logo
THORChain
SOURCE

THORChain is the first decentralized exchange (DEX) to swap Bitcoin, and other UTXO chains, with Ethereum, and other EVM chains.

PRICE$0.4029
24H CHANGE 2.82%
MARKET CAP$136.29MFDV $142.68M · 4% supply locked
RANK#215
SUPPLY338.3M RUNE
DOMINANCE<0.01%
7d 9.02%
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$0.9993
24H CHANGE 0.03%
MARKET CAP$184.21BFDV $189.67B · 3% supply locked
RANK#3
SUPPLY184.3B USDT
DOMINANCE6.14%
7d 0.11%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
1.4Kx bigger
RUNE$136.29M
USDT$184.21B
THE CLIMBTHORChain logoRUNETether logoUSDTMULTIPLIER 1.4KxGAP$184.07B
$1.00B$10.00B$100.00B
THORChain logo
SOURCERUNE$136.29M
Tether logo
TARGETUSDT$184.21B
Strategy PP Variable xStock logo
STRCX$137.26M
TAC logo
TAC$162.98M
USAT logo
USAT$187.28M
Telcoin logo
TEL$221.16M
LayerZero logo
ZRO$256.44M
Grass logo
GRASS$348.22M
Injective logo
INJ$481.52M
Janus Henderson Anemoy AAA CLO Fund logo
JAAA$682.74M
Janus Henderson Anemoy Treasury Fund logo
JTRSY$870.80M
Falcon USD logo
USDF$1.42B
Tether Gold logo
XAUT$2.54B
Canton logo
CC$5.39B
log scale · mcap in USDJul 6, 2026
THORChain logo
RUNETHORChain
$136.29MSOURCE
Strategy PP Variable xStock logo
STRCX
$137.26M
TAC logo
TAC
$162.98M
USAT logo
USAT
$187.28M
Telcoin logo
TEL
$221.16M
LayerZero logo
ZRO
$256.44M
Grass logo
GRASS
$348.22M
Injective logo
INJ
$481.52M
Janus Henderson Anemoy AAA CLO Fund logo
JAAA
$682.74M
Janus Henderson Anemoy Treasury Fund logo
JTRSY
$870.80M
Falcon USD logo
USDF
$1.42B
Tether Gold logo
XAUT
$2.54B
Canton logo
CC
$5.39B
Tether logo
USDTTether
$184.21BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF RUNE HIT USDT MCAP·TARGET $544.51
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 RUNE$40.29$54,450.59+$54,410.31
Coffee money1K RUNE$402.86$544,505.94+$544,103.08
Small bag10K RUNE$4,028.60$5,445,059.42+$5,441,030.82
Real bag100K RUNE$40,286.00$54,450,594.22+$54,410,308.22
Whale bag1M RUNE$402,860.00$544,505,942.17+$544,103,082.17
Generational10M RUNE$4,028,600.00$5,445,059,421.72+$5,441,030,821.72
$184.21B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 40.9% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 48.5% of Netflix
UberUBER
$160.00B
USDT mcap is 1.15× Uber
NikeNKE
$130.00B
USDT mcap is 1.42× Nike
StarbucksSBUX
$100.00B
USDT mcap is 1.84× Starbucks
SpotifySPOT
$90.00B
USDT mcap is 2.05× Spotify

About this comparison

This page compares the market capitalizations of THORChain (RUNE) and Tether (USDT). With THORChain currently at $0.4029 per coin and a market cap of $136.29M, and Tether at $0.9993 with a market cap of $184.21B, applying Tether's market cap to THORChain's circulating supply produces a hypothetical RUNE price of $544.51 — a 1.4Kx move from current.

THORChain: THORChain is the first decentralized exchange (DEX) to swap Bitcoin, and other UTXO chains, with Ethereum, and other EVM chains.

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 THORChain had Tether's market cap, what would the price be?

If THORChain (RUNE) had Tether's (USDT) current market cap of $184.21B, each RUNE would be worth approximately $544.51 based on the circulating supply of 338,305,487 RUNE. That is 1.4Kx the current RUNE price of $0.4029.

What is the current market cap of THORChain?

THORChain (RUNE) currently has a market cap of $136.29M, ranking #215 by market capitalization. Each RUNE trades at $0.4029.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $184.21B, ranking #3 by market capitalization. Each USDT trades at $0.9993.

How does RUNE compare to USDT?

THORChain's market cap of $136.29M sits orders of magnitude beyond Tether's $184.21B. For RUNE to reach USDT's current valuation, the price would need to move 1.4Kx 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 THORChain'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.