According to Paolo Ardoino (@paoloardoino), USDt has increased its market capitalization by over $5 billion compared to its main stablecoin competitor in the past 30 days (source: Twitter, June 1, 2025). This significant market cap growth positions USDt as the dominant stablecoin, impacting trading volumes and liquidity across major crypto exchanges. Traders should monitor USDt's rising dominance as this shift could influence stablecoin pair spreads, DeFi protocol allocations, and overall market stability.

According to Gracy Chen @Bitget, the US Senate has approved the GENIUS Act, introducing a 100 percent USD and T-bill reserve requirement for stablecoins. This move is designed as a strategic USD playbook, allowing the US to weaponize liquidity and exert greater pricing power in the cryptocurrency market without launching a central bank digital currency (CBDC). For crypto traders, this development signals a potential shift in stablecoin dominance and increased regulatory scrutiny on non-USD-backed digital assets, impacting liquidity flows and volatility across major trading pairs. (Source: Gracy Chen @Bitget, May 21, 2025)

According to glassnode, BTC dominance in the crypto market peaked at 64.4% on May 8, 2025, with ETH market share increasing to 9.75% (+3%) and altcoins to 22.35% (+2%) since then, while stablecoins dropped to 6.3%. Despite this shift, both ETH and altcoins remain significantly below their previous dominance peaks of 18% and 28.5% respectively, reinforcing that the current crypto cycle is still driven by Bitcoin. For traders, this continued BTC leadership suggests that altcoin rallies may be limited until a more substantial rotation occurs. Source: glassnode (May 15, 2025)

According to Lex Sokolin on Twitter, Tether has solidified its position as the dominant stablecoin in the crypto market as of May 2025. This dominance is critical for traders, as Tether (USDT) continues to account for the majority of on-chain transaction volume and liquidity pools, directly impacting trading efficiency and arbitrage opportunities (source: Lex Sokolin Twitter, 2025-05-10). The growing reliance on Tether for stablecoin pairs across leading exchanges enhances its influence on price discovery and market stability, making it an essential tool for both short-term and long-term crypto trading strategies.

According to @MilkRoadDaily, Tron has emerged as a global leader in stablecoin supply, surpassing Ethereum in key metrics (source: Twitter/@MilkRoadDaily, May 10, 2025). This trend is confirmed by recent charts showing Tron’s dominance (marked in red) over Ethereum (in blue). For traders, Tron's increasing share of the stablecoin market indicates strong network utility and staying power, which are critical for liquidity and trading volumes. This shift solidifies Tron as a central player for stablecoin-related DeFi activity, potentially impacting both the token’s price action and its ecosystem’s competitiveness in the broader crypto market.

According to Cas Abbé on Twitter, BTC plus stablecoin dominance has just reached its multi-cycle resistance level and faced rejection (source: @cas_abbe, May 10, 2025). This technical event signals that while traders often monitor BTC dominance as a cue for altcoin rotation, the combined BTC and stablecoin metric offers deeper insights into capital allocation across the crypto market. A rejection at this resistance suggests limited new capital inflow, raising the potential for increased volatility and sharper moves in altcoins if BTC dominance drops. Active traders should watch this metric closely to anticipate shifts in liquidity and potential altcoin rallies (source: @cas_abbe, May 10, 2025).