Classic USD Price(USC)

Classic USD (USC) is a fiat-backed stablecoin designed to maintain a 1:1 peg with the U.S. dollar. It functions as the first native regulated stablecoin on the Ethereum Classic (ETC) blockchain, supporting its decentralized finance (DeFi) ecosystem, global payments, and on-chain fiat settlement. While primarily associated with Ethereum Classic, USC is designed to be multichain. The token was launched in 2024 through a partnership between Brale, a U.S.-based regulated stablecoin issuer, and EthereumClassic.com. Classic USD is fully backed by cash, cash equivalents, and short-term U.S. government bonds, which are held in U.S. financial institutions. Brale manages these reserves and provides automated attestations by third-party auditors, adhering to U.S. regulatory and accounting standards to ensure transparency. USC aims to provide a reliable medium of exchange, store of value, and unit of account within the cryptocurrency space. Its use cases include facilitating trading on decentralized exchanges against assets like ETC, enabling global real-time payments, and serving as collateral in lending protocols. Brale, as the issuer, operates as a licensed Money Services Business and money transmitter in the United States, and the USC smart contracts incorporate U.S. Sanctions for regulatory compliance. Users can acquire USC by directly minting it through Brale, purchasing it on decentralized exchanges such as ETCswap V3, or via over-the-counter (OTC) providers. U.S. businesses in supported states have the option to mint USC directly with USD, USDC, or USDP from their Brale accounts. The smart contracts governing USC have undergone third-party audits to ensure their security. Learn more

Looking to buy How to buy USC? The process is simple and hassle-free! You can easily purchase USC on LBank by following our step-by-step buying guide. We provide detailed instructions and video tutorials showing how to register on LBank and use various convenient payment options.

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