USDE would trade at
$255.17
1 USDE of Ethena USDe, today $1.00 — 255.25× higher
Ethena USDe today
$3.918 B
Target market cap
$1.000 T
This holds Ethena USDe’s supply fixed and moves only the valuation, which is what makes it a clean illustration of relative size. It is not a forecast, a target, or a claim that either outcome is possible — assets of very different kinds rarely end up worth the same.