How the Decline of USDT Dominance Contributes to the Rise of Cryptocurrencies

The total market capitalization of cryptocurrencies is now less than 15% of its all-time high (ATH). At the same time, Tether (USDT), the leading stablecoin, showed signs of potential buying strength in May. These signs include Tether's continued issuance of new USDT and a significant decrease in the dominance ratio of USDT (USDT.D) during May.

USDT trends indicate that the rise of the cryptocurrency market may continue

According to data from CoinMarketCap, Tether's market capitalization reached an all-time high, exceeding 151 billion dollars💵💲.