A metric comparing the strength of a specific cryptocurrency against the market capitalization of Tether (USDT).
The USDT.D Ratio, often expressed as a comparison between a cryptocurrency's market performance and the dominance of Tether (USDT), is used to assess overall market sentiment and liquidity. When this ratio rises, it typically suggests that the cryptocurrency in question is outperforming stablecoins, indicating increased investor confidence and a higher risk-on environment. Conversely, a falling ratio implies that capital is flowing into stablecoins, suggesting a potential de-risking or consolidation phase in the broader market.