$USDC $USDC, or USD Coin, is one of the most popular stablecoins in the crypto world, pegged to the US dollar at a 1:1 ratio. It provides stability in the volatile cryptocurrency market, allowing traders to "park" their assets during market fluctuations.
USDC is widely used for trading in pairs with other cryptocurrencies. For example, ETH/USDC is one of the most popular pairs, allowing for easy buying or selling of Ethereum at a stable price. Another significant pair is USDC/USDT, which is key for arbitrage strategies and moving liquidity between different exchanges, as USDT is another dominant stablecoin. The use of USDC ensures liquidity and reliability in trading operations.