USDT's dominance rate slips from four-year high
USDT's dominance rate, which measures the leading stablecoin’s share of the total crypto market, has pulled back from four-year highs, a positive sign for bitcoin (BTC) and other tokens.
The dominance rate now stands at 8.54%, down from a peak of 9.35% hit last month. That was the highest level since the second half of 2022, according to TradingView data.
USDT is widely viewed as a tokenized version of the U.S. dollar, the world’s reserve and safe-haven currency that typically attracts capital during periods of economic or market stress.
As a result, rising USDT dominance is often associated with market downturns, while declining dominance tends to signal renewed risk appetite across the broader crypto market.