The USDC/USDT pair may seem "unexciting" at first glance, as it involves two dollar-pegged stablecoins. However, this pair is very useful and strategic for traders!
It reflects the fluctuations between the largest stablecoins in the market - USDC (from Circle) and USDT (from Tether) - and serves as a measure of trust, liquidity, and institutional movements.
Even small changes can indicate imbalance or arbitrage opportunities.
Additionally, in times of crisis or regulatory instability, this pair becomes important.