USC
Classic USD
About USC
Launched in 2024, Classic USD (USC) is a fiat-collateralized stablecoin issued through a partnership between Brale and EthereumClassic.com. Classic USD is the premiere native stablecoin for Ethereum Classic’s decentralized finance ecosystem, global payments, and on-chain fiat settlement. As of 2022, Ethereum Classic is the largest and most secure Proof-of-Work smart contract network in the world.
Market cap
$0
Where to buy
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Links
Benefits of USC
An open stablecoin
USC issuance and redemption is available to businesses in supported jurisdictions through the Brale platform.
On-chain adoption
USC is supported as the premiere regulated stablecoin throughout the decentralized finance protocol stack on Ethereum Classic.
Regulated
USC is fully backed by cash and short-dated U.S. government obligations held by Brale’s regulated treasury. Brale is a licensed MSB and money transmitter in the United States.
Transparency
USC is always redeemable 1:1 for U.S. dollars. Brale asserts that the balance of treasury assets is equal to or greater than the tokens issued, as of the following dates.
Reserves as of September 30, 2023
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