$USDC Currency Pair $USDC/ is an abbreviation that refers to trading the USD Coin (USDC) against another currency, and is often used with digital currencies or other traditional currencies, such as:

USDC/USD: means trading USD Coin against the US Dollar.

USDC/BTC: means trading USD Coin against Bitcoin.

USDC/ETH: means trading USD Coin against Ethereum.

What is USDC?

USDC is a stable digital currency (Stablecoin) pegged to the value of the US dollar at a 1:1 ratio. This means that each 1 USDC is supposed to be equivalent to 1 US dollar.

Who issues USDC?

USDC is issued by Circle in collaboration with Coinbase, and is a project affiliated with a consortium known as the Centre Consortium.

Features of USDC:

Value Stability: because it is pegged to the US dollar.

Transparency: the company publishes periodic reports to confirm that there are real funds in banks covering the coins.