USDC/USDT is a popular stablecoin trading pair in the cryptocurrency market, representing the exchange between USD Coin (USDC) and Tether (USDT) – the two largest stablecoins pegged to the US dollar at a 1:1 ratio.

Although both USDC and USDT aim to maintain stable value, they differ in terms of transparency and operational models. USDC is issued by Circle, with transparent auditing and strict legal compliance. Meanwhile, USDT, issued by Tether Limited, has been controversial regarding the disclosure of asset reserves.

The USDC/USDT pair typically experiences very small price fluctuations (a few cents), but is used for flexible conversions between the two ecosystems, or to take advantage of price differences on various exchanges. This is a safe pair for users looking to maintain stable value in a volatile market.