What is the USDC pair and why is it considered one of the most important trading pairs in the cryptocurrency market? 🤔💵
USDC (USD Coin) is a stablecoin pegged to the value of the US dollar at a 1:1 ratio and fully backed by cash assets, issued by Circle in collaboration with Coinbase. USDC is known for its transparency and reliance on regular audits, making it one of the most reliable stablecoins.
When trading using the USDC pair, such as BTC/USDC or ETH/USDC, you are buying or selling digital assets against a stable and fixed currency, which helps reduce the risks resulting from sharp market fluctuations.
🔹 Advantages of using pair $USDC