$USDC

$USDC (USD Coin) is a stablecoin pegged 1:1 to the U.S. dollar, widely used for trading due to its stability and liquidity. As of May 8, 2025, it ranks #7 by market cap ($60.91B) with a 24-hour trading volume of $10.41B. Three key trading pairs are BTC/USDC, ETH/USDC, and XRP/USDC. BTC/USDC is the most active, with $1.63B in 24-hour volume on Binance Futures, reflecting Bitcoin’s dominance and USDC’s role as a stable hedge. ETH/USDC, with $958M daily volume on Binance, supports high-frequency trading for Ethereum, recently overtaken by XRP in market cap. XRP/USDC sees growing traction due to XRP ETF momentum, offering liquidity for Ripple’s payment-focused token. These pairs, available on exchanges like Binance, Coinbase, and Kraken, enable traders to navigate volatility, capitalize on arbitrage, and maintain value stability across crypto markets.