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TechFlow reports that the Terra Classic (LUNC) community has voted to halt all minting and re-minting of Terra Classic USD (USTC). The proposal, which aims to protect "community members and external investors who burn USTC to help achieve re-pegging," was approved by 59% of voters. The community hopes to restore USTC's original $1 peg through token burning.
According to CMC data, USTC is currently trading at $0.012.
The Terra Classic (LUNC) community has voted to halt all minting and redemption of Terra Classic USD (USTC). The proposal, which aims to protect "community and external investors who burn USTC to help achieve re-pegging," was approved by 59% of voters. The community hopes to restore USTC's original $1 peg through token burning. According to CMC data, USTC is currently trading at $0.012.
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