Cryptocurrency Q&A
What is USDT dominance?
What is USDT dominance?
CryptoWizardry
Tue Apr 15 2025
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7
answers
1991
I've been hearing a lot about USDT recently and I'm curious to understand more about its dominance in the cryptocurrency market. What exactly is USDT dominance and how is it calculated?
7 answers
Maria
Thu Apr 17 2025
It serves as a gauge for the popularity and influence of USDT in the broader digital asset space.
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DongdaemunTrendsetter
Thu Apr 17 2025
Tether, with its USD-pegged value, aims to provide a stable alternative to the volatile nature of many cryptocurrencies.
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HallyuHeroLegend
Thu Apr 17 2025
As the dominance of USDT increases, it suggests a greater reliance on this stablecoin as a means of value storage and transaction medium within the crypto market.
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Michele
Thu Apr 17 2025
Investors and traders often use USDT to hedge against the fluctuations of other cryptocurrencies, contributing to its growing dominance.
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OliviaTaylor
Thu Apr 17 2025
USDT Dominance is a metric that indicates the proportion of the Tether stablecoin within the overall cryptocurrency market capitalization.
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