ACTIVE
USDS→
USDE
USDS→USDEUSDS WOULD BE$0.4915
MULTIPLIER▼ 0.49x
TARGET MCAP$4.96B
THE ORIGINAL G.MARKETS CALCULATION · LIVE
If had 's mcap →
USDS WOULD BE
$0.00000000
currently $0.9995 · target mcap $4.96B
#16 · USDS
#27 · USDE▼ 0.00x TO MATCHUSDS WOULD FALL TO 0.49x OF TODAY AT USDE'S VALUATION
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$0.9995
24H CHANGE▼ 0.02%
MARKET CAP$10.08BFDV $10.13B · Fully circulating
RANK#16
SUPPLY10.1B USDS
DOMINANCE0.34%
7d▲ 0.04%
VS
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
PRICE$0.9995
24H CHANGE▼ 0.01%
MARKET CAP$4.96BFDV $4.96B · Fully circulating
RANK#27
SUPPLY5.0B USDE
DOMINANCE0.17%
7d▲ 0.00%
MARKET CAParea = proportional cap
USDS$10.08B
USDE$4.96B
THE CLIMB
USDS→
USDEMULTIPLIER▼ 2.03xGAP$5.12B
USDS→USDEMULTIPLIER▼ 2.03xGAP$5.12B
AVAX$4.96B
CC$5.03B
LTC$5.39B
UNI$5.54B
BCH$6.32B
NEAR$6.87B
XLM$7.51B
RAIN$8.08B
LEO$8.19B
ADA$9.98B
log scale · mcap in USDOct 6, 2026
USDSUSDS
$10.08BSOURCE
AVAX
$4.96BCC
$5.03BLTC
$5.39BUNI
$5.54BBCH
$6.32BNEAR
$6.87BXLM
$7.51BRAIN
$8.08BLEO
$8.19BADA
$9.98BUSDEEthena USDe
$4.96BTARGET
mcap in USDOct 6, 2026
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDS$99.95$49.16−$50.80
Coffee money1K USDS$999.52$491.56−$507.96
Small bag10K USDS$9,995.24$4,915.60−$5,079.64
Real bag100K USDS$99,952.40$49,155.99−$50,796.41
Whale bag1M USDS$999,524.00$491,559.92−$507,964.08
Generational10M USDS$9,995,240.00$4,915,599.17−$5,079,640.83
FOR CONTEXT
$4.96B compared to the worldNikeNKE
$130.00B
USDE mcap is 3.8% of Nike
StarbucksSBUX
$100.00B
USDE mcap is 5.0% of Starbucks
SpotifySPOT
$90.00B
USDE mcap is 5.5% of Spotify
RobloxRBLX
$30.00B
USDE mcap is 16.5% of Roblox
RedditRDDT
$25.00B
USDE mcap is 19.8% of Reddit
SnapchatSNAP
$20.00B
USDE mcap is 24.8% of Snapchat
About this comparison
This page compares the market capitalizations of USDS (USDS) and Ethena USDe (USDE). With USDS currently at $0.9995 per coin and a market cap of $10.08B, and Ethena USDe at $0.9995 with a market cap of $4.96B, applying Ethena USDe's market cap to USDS's circulating supply produces a hypothetical USDS price of $0.4916 — a 0.49x 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 $4.96B, each USDS would be worth approximately $0.4916 based on the circulating supply of 10,080,569,288 USDS. That is 0.49x the current USDS price of $0.9995.
What is the current market cap of USDS?
USDS (USDS) currently has a market cap of $10.08B, ranking #16 by market capitalization. Each USDS trades at $0.9995.
What is the current market cap of Ethena USDe?
Ethena USDe (USDE) currently has a market cap of $4.96B, ranking #27 by market capitalization. Each USDE trades at $0.9995.
How does USDS compare to USDE?
USDS's market cap of $10.08B sits well below Ethena USDe's $4.96B. For USDS to reach USDE's current valuation, the price would need to move 0.49x 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.