Tether dominance surges, but market cap falls for 3rd straight week

Tether's (USDT) market dominance surged 13.5% in a single day to 9% during last week's Bitcoin plunge, marking its largest daily increase since March 2025, CoinDesk reported. Despite this, the stablecoin's total market capitalization has fallen for three consecutive weeks. This trend suggests that rather than parking funds in stablecoins to await the next rally, investors may be cashing out of the cryptocurrency market entirely.