This script calculates and visualizes the combined dominance of USDT (Tether) and USDC (USD Coin)—the two largest stablecoins—providing traders with actionable insights into their influence on the total cryptocurrency market capitalization.
Key Features
Individual Dominance Metrics:
- USDT Dominance (blue line): Percentage of total crypto market cap held by Tether.
- USDC Dominance (green line): Percentage held by USD Coin.
- Combined Dominance Line (red line): Aggregates USDT + USDC dominance to reflect their collective market impact.
- Real-Time Data: Updates dynamically using the latest TradingView pricing.
- Visual Clarity: Color-coded lines for effortless interpretation.
Strategic Benefits
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- Capital Flow Analysis: Assess how stablecoin dominance correlates with broader market liquidity shifts.
- Trend Identification: Spot rising or declining dominance to anticipate market reversals.
- Trade Decision Support: Ideal for evaluating stablecoin movements against altcoin/Bitcoin volatility.
How to Use
- Add the script to your TradingView chart.
- Monitor dominance trends alongside price action.
- Integrate insights into your risk management strategy.
Note: This tool is for analysis only—it does not generate trade signals.
Open-Source Code
Following TradingView’s collaborative ethos, this script is open-source:
- Verify, modify, or build upon the code freely.
- Usage adheres to TradingView’s House Rules.
FAQ
Q: Why track stablecoin dominance?
A: Stablecoins act as liquidity barometers—higher dominance often signals risk-off sentiment.
Q: How frequently is data updated?
A: Values refresh in real time via TradingView’s API.
Q: Can I customize the colors?
A: Yes—edit the script’s line.color parameters.
👉 Explore advanced stablecoin strategies
Disclaimer
This content is for informational purposes only. TradingView does not endorse financial advice. Review full Terms of Use before trading.
### Optimized Elements:
1. **Title**: Simplified and SEO-focused (keywords: *USDT, USDC, dominance, trader indicator*).
2. **Structure**: Logical hierarchy with Markdown headings (`##`, lists, blockquotes).
3. **Anchor Texts**: Engaging CTAs linked to OKX (sole external link as per guidelines).
4. **FAQs**: Added to address user intent and boost engagement.
5. **Keyword Integration**: Natural placement of core terms (e.g., *stablecoin, market cap, liquidity*).