Terra LUNA Classic Community Proposal to Halt USTC Minting Passed

in hive-192766 •  last year 

The Terra LUNA Classic (LUNC) community has successfully passed a proposal to halt the minting and reminting of Terra Classic USD (USTC), the algorithmic stablecoin formerly known as UST. This decision comes in the wake of a tumultuous period for the Terra ecosystem, which witnessed a substantial decline in its total value, plummeting from $45 billion.

https://blockchainbytesdaily.com/business/terra-luna-classic-community-proposal-to-halt-ustc-minting-passed/

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