# Stablecoin Dominance

Stablecoin Dominance charts the supply share of USDT, USDC, BUSD, DAI, and TUSD as color-filled dominance areas, with any coin toggleable in or out of the calculation. Crypto traders use it to watch dollar liquidity rotate between issuers and to overlay those shifts against price for macro context.

- Indicator in the LuxAlgo Library, by LuxAlgo, published Feb 15, 2024.
- Access: free.
- Concepts: [Exchange & Stablecoin Flows](https://www.luxalgo.com/library/concept/exchange-and-stablecoin-flows/) (primary), [Ratio Charts](https://www.luxalgo.com/library/concept/ratio-charts/)
- Open on Vela: https://vela.luxalgo.com/chart?pineScriptCodeId=cmpwn5wmc008bvhsgjndlbsaq
- Page: https://www.luxalgo.com/library/indicator/stablecoin-dominance/

**Stablecoin Dominance** maps the balance of power among the major dollar-pegged tokens (USDT, USDC, BUSD, DAI, and TUSD) by charting each coin's share of the group's combined supply. It turns [stablecoin supply](https://www.luxalgo.com/library/concept/exchange-and-stablecoin-flows/) data into a picture: dominance for each coin is its supply divided by the total across every coin you enable, so issuer migrations, regulatory shocks, and the rise of new leaders appear as area shifts rather than rows of numbers.

## How to Trade the Stablecoin Dominance?

- **One coin's share rising**: supply rotating toward that issuer, frequently the footprint of changing market preference or a rival's troubles.
- **Overlay on price**: keeping the graph on the price chart makes correlations between dominance shifts and market moves easy to spot; it works equally well in a separate pane.
- **Toggling coins**: disabling a coin removes it from the denominator entirely, so narrowing the list sharpens the comparison, much as a [ratio chart](https://www.luxalgo.com/library/concept/ratio-charts/) isolates two instruments.

The stablecoin market evolves quickly: new tokens arrive, rules change, dominance migrates. Watching the shares shift is a compact way to track how each event redistributes the ecosystem that the rest of crypto trades against.

## Stablecoin Dominance Settings

- **Fill Style**: "Gradient" (default), "Solid" for distinct per-area colors and lighter rendering, or "None" to remove the area display.
- **Stablecoins List**: enable or disable each coin; disabled coins are excluded from the dominance computation.

## Frequently Asked Questions

### How is dominance calculated?

Each coin's dominance is its total supply divided by the combined supply of all enabled stablecoins. The denominator follows your selection, so the chart always shows shares of exactly the basket you chose.

### Why watch stablecoin dominance at all?

Because it records how the market's dollar liquidity migrates between issuers over time, and those migrations often coincide with regulatory events or shifts in trader preference. For the same rotation lens across crypto assets more broadly, the [Relative Crypto Dominance Polar Chart](https://www.luxalgo.com/library/indicator/relative-crypto-dominance-polar-chart/) extends the idea beyond stablecoins.

### How do I get the Stablecoin Dominance tool?

The tool is free on its LuxAlgo Library page, and you can pull it into Quant, our coding agent, right here, a quick way to line dominance shifts up against price history. You can also copy the source code from this page and run it anywhere Pine Script® runs.

## Related indicators

- [On-Chain Analysis](https://www.luxalgo.com/library/indicator/on-chain-analysis/) (Exchange & Stablecoin Flows): markdown at https://www.luxalgo.com/library/indicator/on-chain-analysis.md
- [Relative Crypto Dominance Polar Chart](https://www.luxalgo.com/library/indicator/relative-crypto-dominance-polar-chart/) (Ratio Charts): markdown at https://www.luxalgo.com/library/indicator/relative-crypto-dominance-polar-chart.md
- [Volume Bubbles & Liquidity Heatmap](https://www.luxalgo.com/library/indicator/volume-bubbles-liquidity-heatmap/) (Liquidation Clusters): markdown at https://www.luxalgo.com/library/indicator/volume-bubbles-liquidity-heatmap.md
- [Crypto Liquidation Heatmap](https://www.luxalgo.com/library/indicator/crypto-liquidation-heatmap/) (Liquidation Clusters): markdown at https://www.luxalgo.com/library/indicator/crypto-liquidation-heatmap.md
- [Liquidation Levels](https://www.luxalgo.com/library/indicator/liquidation-levels/) (Liquidation Clusters): markdown at https://www.luxalgo.com/library/indicator/liquidation-levels.md
- [Bitcoin Power Law Clock](https://www.luxalgo.com/library/indicator/bitcoin-power-law-clock/) (Crypto Cycle Models): markdown at https://www.luxalgo.com/library/indicator/bitcoin-power-law-clock.md
- [Bitcoin Power Law](https://www.luxalgo.com/library/indicator/bitcoin-power-law/) (Crypto Cycle Models): markdown at https://www.luxalgo.com/library/indicator/bitcoin-power-law.md
- [Open Interest Inflows & Outflows](https://www.luxalgo.com/library/indicator/open-interest-inflows-outflows/) (Open Interest): markdown at https://www.luxalgo.com/library/indicator/open-interest-inflows-outflows.md

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Source: https://www.luxalgo.com/library/indicator/stablecoin-dominance/ (LuxAlgo Library). Free to use with attribution: https://www.luxalgo.com/library/license/