$USDC conversion (USD Coin) is a stablecoin that is pegged to the US dollar at a 1:1 ratio, which keeps its value stable. It is an ERC-20 token on the Ethereum blockchain and is used for trading, saving, and fund transfers in the crypto ecosystem. USDC is issued by a regulated financial institution, which has established it as a reliable option for users seeking stability amid the volatility of other cryptocurrencies. It can be traded on various exchanges, such as Binance, and is commonly used for fast transactions, remittances, and decentralized finance (DeFi) applications.