G.MARKETS
BTC$64,346.00-0.50%
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BTC$64,346.00▼ 0.50%ETH$1,905.68▼ 0.60%USDT$0.9995▲ 0.00%BNB$590.12▼ 1.60%USDC$0.9998▲ 0.00%XRP$1.03▼ 3.20%SOL$72.58▼ 2.40%TRX$0.3268▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.08▼ 2.90%DOGE$0.0687▼ 2.20%USDS$1.00▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$492.38▼ 4.60%ADA$0.2033▲ 7.70%XMR$366.03▲ 2.40%WBT$55.75▼ 0.50%LINK$8.20▲ 0.10%XLM$0.1607▼ 3.90%DAI$1.00▲ 0.00%BCH$213.29▼ 0.70%USD1$0.9998▲ 0.00%USDE$0.9998▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0953▼ 9.00%LTC$45.41▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0684▼ 1.40%BTC$64,346.00▼ 0.50%ETH$1,905.68▼ 0.60%USDT$0.9995▲ 0.00%BNB$590.12▼ 1.60%USDC$0.9998▲ 0.00%XRP$1.03▼ 3.20%SOL$72.58▼ 2.40%TRX$0.3268▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.08▼ 2.90%DOGE$0.0687▼ 2.20%USDS$1.00▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$492.38▼ 4.60%ADA$0.2033▲ 7.70%XMR$366.03▲ 2.40%WBT$55.75▼ 0.50%LINK$8.20▲ 0.10%XLM$0.1607▼ 3.90%DAI$1.00▲ 0.00%BCH$213.29▼ 0.70%USD1$0.9998▲ 0.00%USDE$0.9998▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0953▼ 9.00%LTC$45.41▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0684▼ 1.40%
ACTIVEUSDCUSDC→Ethena USDeUSDE
USDC WOULD BE$0.0540
MULTIPLIER▼ 0.05x
TARGET MCAP$3.88B
G.MARKETS/PAIR ANALYSIS·USDC logoUSDC→Ethena USDe logoUSDE· LIVE· as of 19:34 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

USDC WOULD BE
$0.00000000
currently $0.9998 · target mcap $3.88B
MULTIPLIER
▼0.00x

USDC would drop to 0.05x of its current price at USDE's valuation

COIN PROFILES·USDC vs USDE
USDC logo
USDCVerified by G.MARKETS
USDC
SOURCE

USDC is a fully collateralized US dollar stablecoin.

PRICE$0.9998
24H CHANGE▲ 0.00%
MARKET CAP$71.86BFDV $71.86B · Fully circulating
RANK#5
SUPPLY71.9B USDC
DOMINANCE2.40%
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$0.9998
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
5.4% the size
USDC$71.86B
USDE$3.88B
THE CLIMBUSDC logoUSDC→Ethena USDe logoUSDEMULTIPLIER▼ 18.5xGAP$67.97B
$10.00B
USDC logo
SOURCEUSDC$71.86B
Ethena USDe logo
TARGETUSDE$3.88B
USD1 logo
USD1$3.99B
Dai logo
DAI$4.59B
Stellar logo
XLM$5.51B
WhiteBIT Coin logo
WBT$6.58B
Monero logo
XMR$6.88B
Zcash logo
ZEC$8.27B
LEO Token logo
LEO$8.98B
USDS logo
USDS$9.85B
Dogecoin logo
DOGE$10.67B
Figure Heloc logo
FIGR_HELOC$21.46B
TRON logo
TRX$31.01B
XRP logo
XRP$64.62B
log scale · mcap in USDAug 6, 2026
USDC logo
USDCUSDC
$71.86BSOURCE
USD1 logo
USD1
$3.99B
Dai logo
DAI
$4.59B
Stellar logo
XLM
$5.51B
WhiteBIT Coin logo
WBT
$6.58B
Monero logo
XMR
$6.88B
Zcash logo
ZEC
$8.27B
LEO Token logo
LEO
$8.98B
USDS logo
USDS
$9.85B
Dogecoin logo
DOGE
$10.67B
Figure Heloc logo
FIGR_HELOC
$21.46B
TRON logo
TRX
$31.01B
XRP logo
XRP
$64.62B
Ethena USDe logo
USDEEthena USDe
$3.88BTARGET
mcap in USDAug 6, 2026
BAG SCENARIOS·IF USDC HIT USDE MCAP·TARGET $0.0540
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDC$99.98$5.40−$94.58
Coffee money1K USDC$999.82$54.02−$945.80
Small bag10K USDC$9,998.22$540.22−$9,458.00
Real bag100K USDC$99,982.20$5,402.18−$94,580.02
Whale bag1M USDC$999,822.00$54,021.77−$945,800.23
Generational10M USDC$9,998,220.00$540,217.72−$9,458,002.28

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
USDC logoUSDCVerified by G.MARKETS→Bitcoin logoBTCVerified by G.MARKETS
$17.96▲ 18.0x
USDC logoUSDCVerified by G.MARKETS→Ethereum logoETHVerified by G.MARKETS
$3.20▲ 3.20x
USDC logoUSDCVerified by G.MARKETS→Tether logoUSDTVerified by G.MARKETS
$2.55▲ 2.55x
USDC logoUSDCVerified by G.MARKETS→BNB logoBNBVerified by G.MARKETS
$1.09▲ 1.09x
USDC logoUSDCVerified by G.MARKETS→XRP logoXRPVerified by G.MARKETS
$0.8989▼ 0.90x
USDC logoUSDCVerified by G.MARKETS→Solana logoSOLVerified by G.MARKETS
$0.5869▼ 0.59x

About this comparison

This page compares the market capitalizations of USDC (USDC) and Ethena USDe (USDE). With USDC currently at $0.9998 per coin and a market cap of $71.86B, and Ethena USDe at $0.9998 with a market cap of $3.88B, applying Ethena USDe's market cap to USDC's circulating supply produces a hypothetical USDC price of $0.0540 — a 0.05x move from current.

USDC: USDC is a fully collateralized US dollar stablecoin.

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

If USDC (USDC) had Ethena USDe's (USDE) current market cap of $3.88B, each USDC would be worth approximately $0.0540 based on the circulating supply of 71,883,884,606 USDC. That is 0.05x the current USDC price of $0.9998.

What is the current market cap of USDC?

USDC (USDC) currently has a market cap of $71.86B, ranking #5 by market capitalization. Each USDC trades at $0.9998.

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 $0.9998.

How does USDC compare to USDE?

USDC's market cap of $71.86B sits far below Ethena USDe's $3.88B. For USDC to reach USDE's current valuation, the price would need to move 0.05x 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 USDC'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.