Ethereum Classic proudly introduces Classic USD, its premium stablecoin pegged to the US dollar, in collaboration with Brale, a stablecoin issuer, and web3 developers. Classic USD is backed by cash, US government bonds, and cash equivalents, boasting features like real-time international settlement and collateral based on the stablecoin itself.

Brale's involvement heralds a new era of innovation in the stablecoin space, with a strong focus on issuance, fiscal management, and redemption of Classic USD. Security is a key highlight, ensured by Ethereum Classic's Nakamoto Consensus mechanism, enhancing trust and durability.

Classic USD replaces bridged assets, offering regulatory compliance, transparency, and integrity within the crypto ecosystem. It serves as a flagship stablecoin in the international financial landscape, supporting various decentralized finance applications like arbitrage, crowdfunding, and liquidity mining.

Moreover, Classic USD facilitates collateralization for derivatives and collateralized debt positions (CDPs), along with providing flash loan capabilities without requiring collateral. Brale's platform emerges as a leading hub for stablecoin creation, emphasizing security and regulatory compliance.

Recognized for its reliability and commitment to Web3 projects, Brale enables direct purchase and redemption of Classic USD against American dollars, fostering connectivity between the crypto and traditional financial systems.