$USDC conversion (USD Coin) is a stablecoin, which is pegged to the US dollar at a 1:1 ratio, thus maintaining its stable value. 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 frequently used for quick transactions, remittances, and decentralized finance (DeFi) applications.