USDC→
USDEIf had 's mcap →
#6 · USDC
#25 · USDE
USDC is a fully collateralized US dollar stablecoin.
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
USDC→
USDEMULTIPLIER▼ 15.2xGAP$69.38B
FOR CONTEXT
$4.88B compared to the world
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 $74.26B, and Ethena USDe at $0.9999 with a market cap of $4.88B, applying Ethena USDe's market cap to USDC's circulating supply produces a hypothetical USDC price of $0.0657 — a 0.07x 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 $4.88B, each USDC would be worth approximately $0.0657 based on the circulating supply of 74,273,288,718 USDC. That is 0.07x the current USDC price of $0.9998.
What is the current market cap of USDC?
USDC (USDC) currently has a market cap of $74.26B, ranking #6 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 $4.88B, ranking #25 by market capitalization. Each USDE trades at $0.9999.
How does USDC compare to USDE?
USDC's market cap of $74.26B sits far below Ethena USDe's $4.88B. For USDC to reach USDE's current valuation, the price would need to move 0.07x 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.