The ETH/USDC trading pair reflects the exchange rate between Ethereum (ETH) and USD Coin (USDC), a stablecoin pegged to the US dollar. USDC is a popular choice for trading and transferring value on the Ethereum blockchain due to its stability. ETH/USDC trading provides a relatively stable base for Ethereum transactions, as USDC's price remains close to $1. Coinbase and Binance are examples of platforms offering this pair.