2023-9-25 09:28 |
The community strongly backs stopping TerraUSD Classic (USTC) minting and reminting in favor of burning tokens to restore its U.S. dollar peg.
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TerraUSD Classic, the stablecoin at the center of Terra’s implosion, will no longer be minted.
2023-9-25 12:02 | |
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The Terra Luna Classic (LUNC) community has voted overwhelmingly, with nearly 60% in favor, to cease the minting and reminting of Terra Classic UST (USTC) tokens. The drastic decision, in a decisive move aimed at rescuing the beleaguered Terra Classic stablecoin, comes in the wake of Terra’s collapse in May 2022, which had sent shockwaves through the crypto market, leaving USTC’s value in shambles.
2023-9-25 11:30 | |
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Terra Classic will stop the minting and re-minting of its Terra Classic USD (USTC) stablecoin. The proposal was an attempt to restore the coin's peg to the U.S. dollar. Members of the Terra The post Here's how Terra Classic plans to repeg USTC to the dollar appeared first on AMBCrypto.
2023-9-25 03:30 | |
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