USDS→
USDEIf had 's mcap →
#14 · USDS
#24 · USDE
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 is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
USDS→
USDEMULTIPLIER▼ 2.12xGAP$5.06B
FOR CONTEXT
$4.52B compared to the world
About this comparison
This page compares the market capitalizations of USDS (USDS) and Ethena USDe (USDE). With USDS currently at $1.00 per coin and a market cap of $9.58B, and Ethena USDe at $0.9996 with a market cap of $4.52B, applying Ethena USDe's market cap to USDS's circulating supply produces a hypothetical USDS price of $0.4720 — a 0.47x 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 $4.52B, each USDS would be worth approximately $0.4720 based on the circulating supply of 9,575,169,736 USDS. That is 0.47x the current USDS price of $1.00.
What is the current market cap of USDS?
USDS (USDS) currently has a market cap of $9.58B, ranking #14 by market capitalization. Each USDS trades at $1.00.
What is the current market cap of Ethena USDe?
Ethena USDe (USDE) currently has a market cap of $4.52B, ranking #24 by market capitalization. Each USDE trades at $0.9996.
How does USDS compare to USDE?
USDS's market cap of $9.58B sits well below Ethena USDe's $4.52B. For USDS to reach USDE's current valuation, the price would need to move 0.47x 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.