$USDC

Stablecoin Watch: USDC/USDT Holds Steady at $0.9998 with High Liquidity and Spikes in Activity

May 4, 2025 — by Crypto Watch Newsroom

The USDC/USDT trading pair on Binance continues to show its hallmark stability, with a current price holding at $0.9998 — almost perfectly in line with the 1:1 peg expected of stablecoins. Despite the apparent calm, the underlying market activity reveals a slightly more complex story.

According to the latest data from Binance, USDC reached a 24-hour high of exactly $1.0000 and a low of $0.9997, reinforcing its stability but also hinting at micro-volatility often used by arbitrage traders. The 24-hour trading volume is massive, with over 363 million USDC and nearly the same amount of USDT exchanged. These volumes underscore how deeply liquid this pair is — a key trait for traders seeking safe harbor during times of broader crypto volatility.

One of the more curious aspects of today’s chart is the sharp, recurring spikes in the price graph, suggesting algorithmic or bot-driven trading. These rapid up-and-down movements, while fleeting, may represent attempts to capitalize on arbitrage opportunities across exchanges or time zones. Meanwhile, the Moving Averages — MA(5) at 321,629 and MA(10) at 245,094 — also show slight movement but stay well within typical short-term trading range bands.Looking at volume indicators, today’s activity shows a 0.01% uptick, consistent with the slight price increase. Over the past week, the gain has been 0.02%, but over longer periods (30, 90, 180 days), the pair has shown minimal fluctuation — a reassuring signal for those relying on stablecoins for hedging or cross-chain transfers.

In summary, USDC/USDT remains a poster child for what a stablecoin pair should be — steady, liquid, and reliable. Traders and institutions looking for stability amid crypto’s often turbulent waters continue to rely on this pair as a foundational asset.

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