Stablecoin Dominance measures the market-cap share of stablecoins within total crypto market capitalization.
Rising dominance often means more dry powder parked in cash-like tokens; falling dominance can accompany risk-on deployment into BTC and alts.
What does it measure?
Dominance = CoinGecko stablecoin category market cap ÷ total crypto market cap × 100.
The dial shows the current percentage and a regime label from cash-heavy to risk-on.
USDT/USDC shares show concentration inside the stablecoin complex.
How to read it
Cash-heavy regimes (≥14%) imply elevated stable share relative to recent norms.
Risk-on regimes (<8%) imply stables are a smaller slice of total crypto wealth.
Compare the history chart to spot multi-day shifts in dry powder.
The asset mix bars show which pegged dollars dominate the stable complex.
Using Stablecoin Dominance on PEPS Crypto
Read the dial regime, then check context cards for USDT/USDC mix and market caps.
Open Stablecoin Flow for exchange-level liquidity moves.
Compare with Total Market Cap and BTC Dominance for macro context.
Use the history chart to see whether dominance is trending up or down.
How it works
- Data refreshes about every 30 minutes from CoinGecko global + categories + markets.
- Dominance uses the Stablecoins category market cap vs total market cap.
- Tracked majors: USDT, USDC, DAI, FDUSD, TUSD, PYUSD, USDe, USDD.
- Regimes use fixed percentage thresholds on dominance.
- Previous/delta compare against the prior PEPS snapshot.
What to consider
- Stable share can rise because crypto mcaps fall, not only because stables grow.
- Issuer concentration (USDT) can dominate the mix bars.
- EUR and other FX stables are secondary in this USD-focused view.
- Always cross-check flow tools before acting.
- Peg risk is outside this metric’s scope.
Frequently asked questions
- What is a healthy stablecoin dominance?
- There is no single healthy level — interpret relative to recent history and risk appetite. Mid-teens can look cash-heavy; sub-8% more risk-on.
- How is this different from Stablecoin Flow?
- Dominance is a stock (share of market cap). Flow measures exchange transfer activity of stables over a window.
- Why can history look empty at first?
- The chart needs at least two PEPS snapshots; it fills as the 30-minute job runs.
Conclusion
Stablecoin Dominance is a quick read on how much of crypto wealth sits in cash-like tokens.
Use it with flow and dominance tools to judge whether dry powder is building or being spent.