Summary

Classic USDC (USDC) is a stablecoin designed to provide stability and reliability in the cryptocurrency market. Each Classic USDC token is backed by a corresponding US dollar held in reserve, ensuring a 1:1 peg to the USD. Classic USDC can be used for various purposes, including digital payments, remittances, trading on cryptocurrency exchanges, and participation in decentralized finance (DeFi) applications. While Classic USDC is not regulated, its transparent issuance and commitment to maintaining its peg to the US dollar offer users a trusted and efficient means of transacting value in the digital economy.