$USDC
USDC (USD Coin) and USDT (Tether) are two of the most widely used stablecoins in the cryptocurrency market, both pegged to the US dollar. The USDC/USDT trading pair allows users to exchange between these two stablecoins, often with minimal price difference due to their shared peg. However, differences in transparency, regulation, and backing reserves distinguish the two. USDC is issued by Circle and is considered more transparent, regularly audited, and fully backed by fiat reserves. USDT, managed by Tether Limited, has faced scrutiny over its reserve disclosures. Traders may use the USDC/USDT pair to shift funds between ecosystems, take advantage of arbitrage, or manage risk during periods of market volatility. Despite both being dollar-pegged, fluctuations can occur during high demand or when questions arise about the stability or legitimacy of either coin. This trading pair is essential for stablecoin liquidity and is commonly used on major exchanges.
