**Overview of the USDC/USDT Market (120 words):**
USDC is currently trading at $0.9997, a slight decrease of 0.01% from its previous price of $1.00, highlighting strong stability amid wider market fluctuations. The **narrow range** observed in the technical charts suggests a potential **long-term breakout**, although this move is rare for stablecoins except under severe market pressures or shifts in liquidity. With **Federal Reserve Chairman Powell hinting at a potential interest rate cut in 2025**, stablecoins like USDC may gain more momentum as investors seek to preserve capital during a period of monetary easing. Despite increasing discussions - over 6000 active users currently** - USDC still maintains its position as a preferred settlement asset. Overall, its steady peg reinforces confidence in the support of its issuer's reserves, with 78% of investors leaning towards holding it or using it in decentralized finance and trading activities.
