USTC Explodes 335% – What’s Pushing The Price Up?
USTC experienced an impressive surge this week, propelled by two key catalysts: a newly introduced Binance perpetuals contract listing and the unveiling
Read More
USTC
Terra’s USTC and LUNC Crypto Tokens Skyrocket on BTC-Based Comeback Plan
LUNC is up roughly 60% this week, including a nearly 20% rise over the past 24 hours, CoinDesk data shows. USTC, meanwhile, has almost quadrupled in price. For perspective, the USTC rally has only brought the price to $0.05 versus its original price peg of $1. Original Source
Read More
USTC Sees Over 285% Gains in 24 Hours, Here’s Why Stablecoin Is Surging
The recent price surges seen in both the USTC and LUNC, once again highlight the undying resolve and commitment of the Terra Classic community to bring value to both assets. Algorithmic stablecoin TerraClassicUSD (USTC) has received a massive boost in the last 24 hours, posting over 283% gains within the period.
Read More
Why Did Terra Classic (USTC) Rise 300% In One Day?
TerraClassicUSD (USTC), the algorithmic stablecoin tied to the LUNA ecosystem, recently went on an upward trajectory to register gains of over 300%.
Read More
LUNA, LUNC, USTC surge as social activity skyrockets after key update
The three tokens of the Terra ecosystem — Terra (LUNA), Terra Classic (LUNC) and TerraClassicUSD (USTC) — have gained momentum following an update last week. The surge comes a week after Terraform Labs deployed $10 million worth of assets in three different liquidity pools. LUNA is up by 22% in the past
Read More
Binance Futures to list USDS-M USTC perpetual contract with 50x leverage
Binance Futures will list the USDS-M USTC perpetual contract with 50x leverage. According to a blogpost on Binance, perpetual contracts will launch on Nov. 27 at 12:30 UTC. The maximum funding rate for the USTCUSDT perpetual contract at launch is +2.00% / -2.00%. The frequency of calculation of the funding commission
Read More
Terra Classic to stop minting USTC trying to achieve repeg
Over 55% of voters supported the proposal that included the impossibility of minting and reminting of USTC without the approval of the Terra Classic community. Terra Classic will no longer be able to mint new TerraClassicUSD (USTC) stablecoins without the approval of the Terra Classic community. According to data from ATOMScan,
Read More
Terra Classic Community Passes Vote Ending USTC Minting as Revival Efforts Continue
Algorithmic stablecoins like USTC are backed by a basket of assets, such as LUNA and bitcoin (BTC), without depending on any centralized third party to hold those assets. Most of the tokens, however, fall victim to a “death spiral” – with outflows or sales of backing assets causing a sudden
Read More
Is Terra Classic Planning A USTC Re-Peg To The Dollar?
The Terra Luna Classic (LUNC) community has voted overwhelmingly, with nearly 60% in favor, to cease the minting and reminting of Terra
Read More
Terra Classic community elects to cease USTC minting
The Terra Classic community has voted in favor of ceasing all minting and reminting activities related to TerraClassicUSD (USTC), with the objective of reestablishing a stable peg between USTC and the US dollar.In a recent proposal, the community voted with 59% in favor of discontinuing the minting of USTC, while
Read More