Terra Classic USD Research Hub | USTC information, history and analysis
Terra Classic USD (USTC) is a token operating in the Terra Classic platform (Formerly Terra). Terra Classic is a blockchain network that provides the foundational building blocks for a new digital economy with a stablecoin protocol, an oracle system, smart contracts, and a plan for mass adoption.
After the attack resulted in the loss of all LUNA and UST values, Terra maintained the network and changed its name to Terra Classic. All UST in circulation are converted to Terra Classic USD (USTC).
Terra Classic USD (USTC) soars 323.4% after $500,000 investment
Driving this meteoric rise is a strategic investment orchestrated by Terra Classic Labs (TCL), a pivotal organization committed to revitalizing the Terra Classic ecosystem.
TCL’s acquisition of a substantial 25.6 million USTC, valued at around $500,000, has played a pivotal role in this surge.
Terra Classic community votes to end minting, reminting of USTC tokens
The Terra Classic community has voted to end the minting and reminting of Terra Classic USD (USTC) tokens.
A week of voting ended with about 59% of the community in favor of ending all minting activities.
Terra USTC surges 66% following approval to re-peg to $1
On Jan. 3, the Terra Classic community passed a proposal to relink LUNA Classic and the de-pegged USTC stablecoin.
Terra Classic Stablecoin Terra UST (USTC) has surged over 66% following a governance approval to re-peg the stablecoin.
USTC rises 244.9% after 24h
Terra Classic USD (USTC), the stablecoin of the Terra Classic ecosystem, has managed to register a surge of more than 638% over the past 7 days.
USTC’s trading volume reached $457.17 million, 7 times the average trading volume of the previous 10 days. With these achievements, USTC has become the leading asset in the Top Gainers on ONUS.