Definition ∞ USDT dominance signifies the extent to which Tether (USDT) commands a significant portion of the stablecoin market or influences overall cryptocurrency market dynamics. It is often measured by its market capitalization relative to other stablecoins or its trading volume against other cryptocurrencies. High USDT dominance suggests its widespread use as a trading pair and a perceived store of value within the crypto ecosystem.
Context ∞ The context of USDT dominance in news reports typically involves its implications for market stability, liquidity, and potential systemic risks within the cryptocurrency sector. Discussions often revolve around its large market capitalization, its role as a primary medium of exchange on many platforms, and scrutiny regarding its reserve backing. Changes in USDT dominance can signal shifts in investor sentiment, regulatory pressures, or the competitive positioning of stablecoins.
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