Stablecoins, like USDC, are essential in the crypto ecosystem because they combine the stability of fiat money with the advantages of blockchain. Unlike volatile cryptocurrencies like Bitcoin, it maintains a stable value being backed 1:1 by US dollars. This facilitates payments, remittances, and fast transactions without the uncertainty of price.

Additionally, it allows users to access decentralized financial services (DeFi) without exposing their capital to extreme fluctuations. It is also useful for traders who want to protect their funds from volatility without leaving the crypto market. Its transparency and audits ensure trust and security.

Binance reserves are increasing. This shows that users are accumulating in their accounts to buy during large movements.