#MarketTurbulence The BTC/USDC pair combines a cryptocurrency without fiat backing (Bitcoin) with a regulated stablecoin (USDC). The strength of USDC lies in its complete transparency and regulatory compliance: each token is backed 1:1 by cash and short-term Treasury bonds, with weekly reserve disclosures and monthly audits by a 'Big Four' firm. Circle, the issuer, has multiplied the circulation of USDC by more than 90% annually, reaching about 61 billion USD in circulation. Its institutional consolidation and regulatory backing—including its IPO and the progress of the GENIUS Act on stablecoins in the U.S.—positions it as a stable anchor against the high volatility of BTC. Bitcoin, for its part, continues to be dependent on macro factors (inflation, institutional adoption, etc.) without cash flows, making it more speculative.