USDT dominance
The share of USDT and other stablecoins in total crypto market cap.
Largest stablecoins
| # | Coin | Market cap | Market share |
|---|---|---|---|
| 1 |
USDTTether
|
$183.5B | 6.42% |
| 2 |
USDC
|
$75.3B | 2.64% |
| 3 |
USDT.cTether USD Bridged TC20 (TetheCat)
|
$29.8B | 1.04% |
| 4 |
USDS
|
$9.5B | 0.33% |
| 5 |
USDEEthena USDe
|
$4.9B | 0.17% |
| 6 |
DAIDai
|
$4.6B | 0.16% |
| 7 |
USD1
|
$4.4B | 0.15% |
| 8 |
USDT0
|
$4.1B | 0.14% |
| 9 |
USDGGlobal Dollar
|
$3.3B | 0.11% |
| 10 |
PYUSDPayPal USD
|
$2.7B | 0.09% |
Scroll sideways — the ticker stays in place
USDT.D is Tether’s share of the total crypto market cap. When the market falls, coins are sold into stablecoins and USDT’s share rises: USDT.D moves against the market and often turns before price does.
The market cap of stablecoins themselves changes slowly, so their share mostly follows the rise or fall of everything else. A rising share means capital waiting in cash, a falling one means it is returning to coins.
How to read it
Against the market
USDT.D rises when the market falls and falls when it rises. Traders use breaks of its levels as confirmation of a reversal.
Watch all stablecoins
USDC and other stablecoins take part of the inflow, so the combined share is more accurate than USDT alone.
Check against BTC dominance
If BTC.D and USDT.D rise together, capital is leaving altcoins.
FAQ
What is USDT.D?
USDT’s share of the total market cap of all cryptocurrencies, in percent.
Why is a rising USDT.D considered bearish?
USDT’s market cap barely depends on price, so its share rises when other coins get cheaper or are sold into stablecoins.
Which coins count as stablecoins?
All stablecoins: USDT, USDC, DAI, USDe and others pegged to a currency or an asset.
How often does the data update?
Several times an hour.