Can the Uno handle two serial port functions ?

Does anyone know if a Uno be used as a Serial to USB converter with the use of
the SoftwareSerial library or is this only for Leonardo & Mega arduinos?

You don't need the SoftwareSerial library just for a Serial2USB converter because the UNO has one onboard. Just connect the USB and put the serial device on pins 0 and 1 and you have a USB2Serial device.