LIVE
BTC$64,015.00 0.73%ETH$1,797.99 0.76%USDT$0.9993 0.03%BNB$585.93 0.52%USDC$0.9999 0.01%XRP$1.15 1.03%SOL$81.96 0.47%TRX$0.3293 0.15%FIGR_HELOC$1.04 0.52%HYPE$70.70 0.55%DOGE$0.0766 1.80%USDS$0.9998 0.01%RAIN$0.0151 0.18%LEO$9.39 1.38%ZEC$455.64 1.57%ADA$0.1844 2.80%XLM$0.1998 1.39%WBT$57.50 0.27%XMR$323.27 1.47%LINK$8.02 0.62%CC$0.1383 2.20%GRAM$1.79 0.47%BCH$241.60 0.93%LAB$15.42 7.67%DAI$0.9998 0.00%USD1$0.9991 0.02%USDE$0.9988 0.03%LTC$44.82 2.12%HBAR$0.0734 3.58%USDG$1.0000 0.00%BTC$64,015.00 0.73%ETH$1,797.99 0.76%USDT$0.9993 0.03%BNB$585.93 0.52%USDC$0.9999 0.01%XRP$1.15 1.03%SOL$81.96 0.47%TRX$0.3293 0.15%FIGR_HELOC$1.04 0.52%HYPE$70.70 0.55%DOGE$0.0766 1.80%USDS$0.9998 0.01%RAIN$0.0151 0.18%LEO$9.39 1.38%ZEC$455.64 1.57%ADA$0.1844 2.80%XLM$0.1998 1.39%WBT$57.50 0.27%XMR$323.27 1.47%LINK$8.02 0.62%CC$0.1383 2.20%GRAM$1.79 0.47%BCH$241.60 0.93%LAB$15.42 7.67%DAI$0.9998 0.00%USD1$0.9991 0.02%USDE$0.9988 0.03%LTC$44.82 2.12%HBAR$0.0734 3.58%USDG$1.0000 0.00%
G.MARKETS/PAIR ANALYSIS·USDH logoUSDHTether logoUSDT· LIVE· as of 23:48 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap

USDH WOULD BE
$0.00000000
currently $1.00 · target mcap $184.21B
MULTIPLIER
0.00x

USDH needs a 8.6Kx move to match USDT's valuation

REALITY CHECKAt USDH's current 24h rate of +0.10%, compounding daily would take ~24 years to reach USDT's market cap.
COIN PROFILES·USDH vs USDT
USDH logo
USDH
SOURCE

USDH is a fiat-backed digital dollar built natively for Hyperliquid.

PRICE$1.00
24H CHANGE 0.10%
MARKET CAP$21.36MFDV $100.00B · 100% supply locked
RANK#804
SUPPLY21.4M USDH
DOMINANCE<0.01%
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
8.6Kx bigger
USDH$21.36M
USDT$184.21B
THE CLIMBUSDH logoUSDHTether logoUSDTMULTIPLIER 8.6KxGAP$184.19B
$100.00M$1.00B$10.00B$100.00B
USDH logo
SOURCEUSDH$21.36M
Tether logo
TARGETUSDT$184.21B
Tradable NA Third Party Online Merchant SSTN logo
PC0000015$110.23M
Genius logo
GENIUS$126.46M
Theta Network logo
THETA$144.56M
Spiko US T-Bills Money Market Fund logo
USTBL$170.80M
Tradable NA Rent Financing Platform SSTN logo
PC0000031$202.50M
Unibase logo
UB$253.36M
Grass logo
GRASS$348.05M
TrueUSD logo
TUSD$493.61M
ADI logo
ADI$736.26M
Ethereum Classic logo
ETC$1.11B
World Liberty Financial logo
WLFI$1.86B
LAB logo
LAB$4.82B
log scale · mcap in USDJul 6, 2026
USDH logo
USDHUSDH
$21.36MSOURCE
Tradable NA Third Party Online Merchant SSTN logo
PC0000015
$110.23M
Genius logo
GENIUS
$126.46M
Theta Network logo
THETA
$144.56M
Spiko US T-Bills Money Market Fund logo
USTBL
$170.80M
Tradable NA Rent Financing Platform SSTN logo
PC0000031
$202.50M
Unibase logo
UB
$253.36M
Grass logo
GRASS
$348.05M
TrueUSD logo
TUSD
$493.61M
ADI logo
ADI
$736.26M
Ethereum Classic logo
ETC
$1.11B
World Liberty Financial logo
WLFI
$1.86B
LAB logo
LAB
$4.82B
Tether logo
USDTTether
$184.21BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF USDH HIT USDT MCAP·TARGET $8,624.09
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDH$100.10$862,409.41+$862,309.31
Coffee money1K USDH$1,001.00$8,624,094.11+$8,623,093.11
Small bag10K USDH$10,010.00$86,240,941.10+$86,230,931.10
Real bag100K USDH$100,100.00$862,409,410.95+$862,309,310.95
Whale bag1M USDH$1,001,000.00$8,624,094,109.51+$8,623,093,109.51
Generational10M USDH$10,010,000.00$86,240,941,095.14+$86,230,931,095.14
$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 USDH (USDH) and Tether (USDT). With USDH currently at $1.00 per coin and a market cap of $21.36M, and Tether at $0.9993 with a market cap of $184.21B, applying Tether's market cap to USDH's circulating supply produces a hypothetical USDH price of $8,624.09 — a 8.6Kx move from current.

USDH: USDH is a fiat-backed digital dollar built natively for Hyperliquid.

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

If USDH (USDH) had Tether's (USDT) current market cap of $184.21B, each USDH would be worth approximately $8,624.09 based on the circulating supply of 21,359,849 USDH. That is 8.6Kx the current USDH price of $1.00.

What is the current market cap of USDH?

USDH (USDH) currently has a market cap of $21.36M, ranking #804 by market capitalization. Each USDH trades at $1.00.

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 USDH compare to USDT?

USDH's market cap of $21.36M sits orders of magnitude beyond Tether's $184.21B. For USDH to reach USDT's current valuation, the price would need to move 8.6Kx 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 USDH'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.