G.MARKETS
BTC$64,343.00-0.50%
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BTC$64,343.00▼ 0.50%ETH$1,905.44▼ 0.60%USDT$0.9991▲ 0.00%BNB$589.89▼ 1.60%USDC$0.9995▲ 0.00%XRP$1.03▼ 3.20%SOL$72.56▼ 2.40%TRX$0.3267▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.11▼ 2.90%DOGE$0.0687▼ 2.20%USDS$0.9998▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$493.65▼ 4.60%ADA$0.2032▲ 7.70%XMR$366.10▲ 2.40%WBT$55.76▼ 0.50%LINK$8.22▲ 0.10%XLM$0.1608▼ 3.90%DAI$0.9998▲ 0.00%BCH$213.41▼ 0.70%USD1$0.9994▲ 0.00%USDE$0.9994▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0954▼ 9.00%LTC$45.41▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0684▼ 1.40%BTC$64,343.00▼ 0.50%ETH$1,905.44▼ 0.60%USDT$0.9991▲ 0.00%BNB$589.89▼ 1.60%USDC$0.9995▲ 0.00%XRP$1.03▼ 3.20%SOL$72.56▼ 2.40%TRX$0.3267▼ 0.30%FIGR_HELOC$1.02▼ 2.00%HYPE$56.11▼ 2.90%DOGE$0.0687▼ 2.20%USDS$0.9998▲ 0.00%RAIN$0.0126▲ 1.10%LEO$9.76▲ 0.00%ZEC$493.65▼ 4.60%ADA$0.2032▲ 7.70%XMR$366.10▲ 2.40%WBT$55.76▼ 0.50%LINK$8.22▲ 0.10%XLM$0.1608▼ 3.90%DAI$0.9998▲ 0.00%BCH$213.41▼ 0.70%USD1$0.9994▲ 0.00%USDE$0.9994▲ 0.00%GRAM$1.38▼ 2.10%CC$0.0954▼ 9.00%LTC$45.41▲ 0.30%USDG$1.00▲ 0.10%USYC$1.13▲ 0.00%HBAR$0.0684▼ 1.40%
ACTIVEUSDSUSDS→Ethena USDeUSDE
USDS WOULD BE$0.3941
MULTIPLIER▼ 0.39x
TARGET MCAP$3.88B
G.MARKETS/PAIR ANALYSIS·USDS logoUSDS→Ethena USDe logoUSDE· LIVE· as of 19:30 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

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

USDS would drop to 0.39x of its current price at USDE's valuation

COIN PROFILES·USDS vs USDE
USDS logo
USDSUnverified
USDS
SOURCE

USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to the U.S.

PRICE$0.9998
24H CHANGE▲ 0.00%
MARKET CAP$9.85BFDV $9.85B · Fully circulating
RANK#12
SUPPLY9.9B USDS
DOMINANCE0.33%
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$0.9994
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
39.4% the size
USDS$9.85B
USDE$3.88B
THE CLIMBUSDS logoUSDS→Ethena USDe logoUSDEMULTIPLIER▼ 2.54xGAP$5.97B
USDS logo
SOURCEUSDS$9.85B
Ethena USDe logo
TARGETUSDE$3.88B
USD1 logo
USD1$3.99B
Bitcoin Cash logo
BCH$4.28B
Dai logo
DAI$4.59B
Stellar logo
XLM$5.52B
Chainlink logo
LINK$6.15B
WhiteBIT Coin logo
WBT$6.59B
Monero logo
XMR$6.88B
Cardano logo
ADA$7.58B
Zcash logo
ZEC$8.29B
LEO Token logo
LEO$8.98B
Rain logo
RAIN$9.00B
log scale · mcap in USDAug 6, 2026
USDS logo
USDSUSDS
$9.85BSOURCE
USD1 logo
USD1
$3.99B
Bitcoin Cash logo
BCH
$4.28B
Dai logo
DAI
$4.59B
Stellar logo
XLM
$5.52B
Chainlink logo
LINK
$6.15B
WhiteBIT Coin logo
WBT
$6.59B
Monero logo
XMR
$6.88B
Cardano logo
ADA
$7.58B
Zcash logo
ZEC
$8.29B
LEO Token logo
LEO
$8.98B
Rain logo
RAIN
$9.00B
Ethena USDe logo
USDEEthena USDe
$3.88BTARGET
mcap in USDAug 6, 2026
BAG SCENARIOS·IF USDS HIT USDE MCAP·TARGET $0.3942
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDS$99.98$39.42−$60.56
Coffee money1K USDS$999.78$394.16−$605.62
Small bag10K USDS$9,997.81$3,941.59−$6,056.22
Real bag100K USDS$99,978.10$39,415.93−$60,562.17
Whale bag1M USDS$999,781.00$394,159.27−$605,621.73
Generational10M USDS$9,997,810.00$3,941,592.65−$6,056,217.35

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
USDS logoUSDS→Bitcoin logoBTCVerified by G.MARKETS
$131.08▲ 131x
USDS logoUSDS→Ethereum logoETHVerified by G.MARKETS
$23.34▲ 23.3x
USDS logoUSDS→Tether logoUSDTVerified by G.MARKETS
$18.62▲ 18.6x
USDS logoUSDS→BNB logoBNBVerified by G.MARKETS
$7.97▲ 7.98x
USDS logoUSDS→USDC logoUSDCVerified by G.MARKETS
$7.29▲ 7.30x
USDS logoUSDS→XRP logoXRPVerified by G.MARKETS
$6.56▲ 6.56x

About this comparison

This page compares the market capitalizations of USDS (USDS) and Ethena USDe (USDE). With USDS currently at $0.9998 per coin and a market cap of $9.85B, and Ethena USDe at $0.9994 with a market cap of $3.88B, applying Ethena USDe's market cap to USDS's circulating supply produces a hypothetical USDS price of $0.3942 — a 0.39x move from current.

USDS: USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to the U.S.

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

If USDS (USDS) had Ethena USDe's (USDE) current market cap of $3.88B, each USDS would be worth approximately $0.3942 based on the circulating supply of 9,851,997,123 USDS. That is 0.39x the current USDS price of $0.9998.

What is the current market cap of USDS?

USDS (USDS) currently has a market cap of $9.85B, ranking #12 by market capitalization. Each USDS 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 $0.9994.

How does USDS compare to USDE?

USDS's market cap of $9.85B sits well below Ethena USDe's $3.88B. For USDS to reach USDE's current valuation, the price would need to move 0.39x 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 USDS'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.