$USDC

When we talk about the "pair of USDC coins in a way different from the futures market," we are delving into futures contracts where USDC is not just a stablecoin but also a margin currency or a settlement asset.

Unlike traditional spot trading where you buy/sell USDC directly, in the futures market, you are speculating on the future price of other cryptocurrencies (such as Bitcoin or Ethereum) using USDC as collateral. For example, a perpetual BTC/USDC future allows you to go long or short on Bitcoin, with all your profits and losses, and your margin, denominated and settled in USDC.

This offers traders several advantages:

* Stable Base: Since USDC is pegged to the USD, your profits and losses are directly quantifiable in USD, eliminating the volatility of using a volatile crypto as collateral.

* Simplified Accounting: Makes tracking your P&L easier without the need to convert back and forth between different crypto assets.

* Hedging: Investors holding other volatile cryptocurrencies can use futures with USDC margin to hedge their positions, protecting themselves against price drops.

Essentially, USDC in the futures market transforms from a simple medium of exchange to a powerful tool for leveraged trading and risk management, allowing for more predictable and stable derivative positions.