In the USDC pair: stability in the world of cryptocurrencies

What is USDC?

USD Coin (USDC) is a stablecoin pegged to the US dollar at a 1:1 ratio. It was created by Circle in partnership with Coinbase and launched in 2018. Unlike other cryptocurrencies with high volatility, USDC offers users a stable value, making it a convenient tool for storage, transfers, and trading.

How does USDC work?

Each unit of USDC is backed by an equivalent amount in US dollars held in audited bank accounts. This makes USDC one of the most reliable forms of digital dollar. The token operates on various blockchains, including Ethereum, Solana, Avalanche, Base, and Polygon, providing high flexibility in use.

Currency pair USDC/USD and others

Although USDC itself is already pegged to the dollar, the USDC/USD currency pair is interesting for traders as it can reflect small price fluctuations caused by market demand or delays in arbitrage. Most often, USDC is used in trading pairs with other cryptocurrencies:

BTC/USDC

ETH/USDC