$USDC

USDC/USDT is a trading pair that represents the exchange rate between two of the most popular stablecoins in the cryptocurrency market: USD Coin (USDC) and Tether (USDT). Both are pegged to the U.S. dollar at a 1:1 ratio, meaning one unit of either coin is intended to equal one U.S. dollar. However, small price fluctuations can occur due to market demand, liquidity differences, and trust in the underlying reserves of each coin. Traders use the USDC/USDT pair primarily for arbitrage, hedging, or shifting exposure between different platforms that support one coin more than the other. Although both serve similar functions, some investors prefer USDC due to its transparency and regulatory compliance, while others choose USDT for its broader availability and liquidity.