Tether vs 
Ethena USDe
Tether (USDT) has a market cap of $183.22B, 13.0× that of Ethena USDe (USDE) at $14.07B, as of 2026-11-08 23:23 UTC.
At Tether's market cap, one USDE would be worth $13.0165 — 13.0× its current price of $0.9999. This is arithmetic, not a forecast.
Over 24 hours USDT is +0.02% and USDE is -0.03%.
Updated · Market data, not investment advice.
| Metric | Tether (USDT) | Ethena USDe (USDE) |
|---|---|---|
| Price | $0.9999 | $0.9999 |
| Market cap | $183.22B | $14.07B |
| Rank | #3 | #12 |
| 24h volume | $30.00B | $8.61M |
| 24h change | +0.02% | -0.03% |
| 7d change | -0.34% | +0.01% |
| 30d change | — | -0.06% |
| 90d change | — | -0.07% |
| Volatility (90d, annualised) | — | 0% |
| Circulating supply | 183.25B | 14.08B |
| Max supply | No cap | No cap |
| Fully diluted value | $188.69B | $14.07B |
Frequently asked questions
What would USDE be worth with USDT's market cap?+
$13.0165 per USDE, based on Ethena USDe's current circulating supply. This is arithmetic, not a forecast.
Is Tether bigger than Ethena USDe?+
Yes. Tether's market cap is $183.22B versus $14.07B for Ethena USDe (2026-11-08 23:23 UTC).
Where does this data come from?+
Live prices and history from Binance spot markets; market cap and supply from CoinLore. Past performance doesn't predict future returns.