2024-02-29
USTC is an algorithmic stablecoin of Terra Classic blockchain. The
old UST is now called TerraClassicUSD (USTC).
On Feb 27, 2024, Terra Classic community and validators passed Proposal 12073 to burn
800 million USTC through Contract Migration.
Voting result
Yes 40.90%
No 7.32%
No with veto 7.82%
Abstain 43.96%
TerraClassicUSD (USTC) 7 days price went up 21% to $0.03637 in
response to the news.
USTC currently ranks 190th largest crypto by market cap.
It has $326 million market cap.
