What is stable coins dominance?

[Fidelia]

One of the concepts that I recently learned in crypto today is stable coins dominance. What is the concept of stable coins dominance about? How is it necessary for a person that is investing or trading in the crypto market?

 

[Suba]

The concept of stablecoin dominance refers to a stablecoin that has the largest market cap and can significantly influence the crypto market. which means that most investors and traders choose that stablecoin for various purposes, whether as a store of value, DeFi investment, transactions, etc.

 

[riberet19]

It refers to the percentage of the total market cap of the stablecoin market that a stablecoin has; for example, the stablecoin with the highest market cap is USDT, which means its dominance is the largest in that market.