Quant

Terra Classic

Terra

TerraClassicUSD

<p>The post <a rel="nofollow" href="https://coinpedia.org/news/will-terraclassicusd-ustc-ever-regain-its-peg-at-1/">Will TerraClassicUSD (USTC) Ever Regain its Peg at $1?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Terra Classic and the entire Terra Ecosystem have experienced dreadful days ever since the tokens crashed due to a failure of their algorithm. This led to a massive crash within the markets, and the ripple effects have continued to prevail until now. Since then, multiple attempts have been made to revive the ecosystem, but no major impact has been witnessed.&nbsp;</p> 
<p>Many proposals were passed, and the Terra burning mechanism was also introduced, but the price remained the least infected. However, Terra Luna Classic developer teams, the Joint L1 Task Force, and RedlinerDrifter-led Quant teams have geared up to make an effort to revive the ecosystem.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Given its our integrity was called into question, it had to be addressed and the record set straight. <br><br>This is not intended to create more division, it's to draw a line in the sand and let's move forward together from here.<a href="https://twitter.com/hashtag/LUNC?src=hash&amp;ref_src=twsrc%5Etfw">#LUNC</a> <a href="https://twitter.com/hashtag/USTC?src=hash&amp;ref_src=twsrc%5Etfw">#USTC</a> <a href="https://twitter.com/search?q=%24LUNC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LUNC</a> <a href="https://twitter.com/search?q=%24USTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USTC</a> <a href="https://t.co/uQMHt4PNTo">https://t.co/uQMHt4PNTo</a></p>— RedlineDrifter (@RedlineDrifter) <a href="https://twitter.com/RedlineDrifter/status/1672205032387649536?ref_src=twsrc%5Etfw">June 23, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>An ex-Terra Rebels and Quant team member, RedlineDrifter mentioned that they may work in coordination to convince the exchanges to support the cause. Interestingly, the team has already approached some of the major exchanges, and they have reacted positively to Proposal 11487, “USTC Incremental Repeg, Buybacks, Staking, Swaps,”</p> 
<p>Meanwhile, the ongoing advancements have induced significant momentum within the Terra ecosystem as the algorithmic stablecoin, USTC, has gained significant value in the past 7 days, trading at $0.012 at the moment. Besides, <a href="https://coinpedia.org/price-prediction/terra-luna-price-prediction/" target="_blank" rel="noreferrer noopener">Terra’s (LUNA) price has</a> recovered from the monthly lows and is trading at $0.658 while the <a href="https://coinpedia.org/price-prediction/terra-classic-lunc-price-prediction/" target="_blank" rel="noreferrer noopener">Terra Luna Classic (LUNC) price</a> continues to trade under the bearish influence.</p>

Will TerraClassicUSD (USTC) Ever Regain its Peg at $1?

CoinPedia News

Other articles published on Jun 23, 2023

Shiba Inu Lead Developer Slams Critics Says He Has a Plan, Admires Unification

FLOKI Price Surges to 7-Day High as Roadmap Excites Investors

Brazilian Government Investigates Binance, Calls Binance Director to Speak in Congress

Crypto Analyst: Bitcoin Leads Crypto Market Into a Bullish Range

Gods Unchained by Immutable Now Available on Epic Games Store

Shiba Inu Lead Developer Exposes Scammers Promoting Fake Tokens

Join our free newsletter for daily crypto updates!