Digital Reserve Currency vs Tether

Tether (USDT) is 1748518.5× the size of Digital Reserve Currency (DRC) by market capitalisation. Over the past 30 days, USDT is ahead by 18.1 percentage points (DRC -18.1% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 20 shared trading days). DRC has been the more volatile of the two, at 192% annualised against USDT's 1%.

Correlation: -0.02
Size ratio: 1 : 1748518.5
Ahead over 30 days: USDT

Digital Reserve CurrencyDRC

$0.000102

24h: +1.16%
Market cap: $101,957
Volume 24h: $37
Volatility (ann.): 192%

TetherUSDT

$0.999439

24h: +0.04%
Market cap: $178.27B
Volume 24h: $57.39B
Volatility (ann.): 1%

DRC 0.0%Share of the two combined market caps100.0% USDT

Performance

DRCUSDT

7 days+3.28%+0.03%DRC
30 days-18.11%-0.04%USDT

Correlation

-0.02over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	DRC	USDT
Max drawdown (400d)	-28.2%	-0.2%
Risk-adjusted return (90d)	-0.09	0.03

Relative strength over 90 days: USDT outperformed DRC by 3.3% — measured on the DRC/USDT ratio, so it holds regardless of market direction.

Digital Reserve Currency →Tether →