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 <h2 id="terra-luna-classic-proposal-to-end-ustc-minting-and-reminting">Terra Luna Classic Proposal To End USTC Minting and Reminting</h2> 
 <p>Proposal 11776 “Stop Minting and Re<a rel="noopener noreferrer nofollow" title="minting" href="https://thebittimes.com/tag/minting.html">minting</a> of USTC” is up for voting on Station. It aims to stop all <a rel="noopener noreferrer nofollow" title="minting" href="https://thebittimes.com/tag/minting.html">minting</a> and re<a rel="noopener noreferrer nofollow" title="minting" href="https://thebittimes.com/tag/minting.html">minting</a> of USTC without the approval of the Terra Classic community. However, some in the Terra Luna Classic community assert that the proposal was submitted without proper discussion on the Commonwealth forum.</p>  
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 <p>The proposal also stops loopholes such as converting xUST to mint USTC, protecting the community and outside investors participating in burning USTC. Meanwhile, the Algo Quant team works to re-peg USTC to $1 and reduce supply by burning USTC.</p> 
 <p>Until now, the proposal has received 85% “Yes” and 15% “No” votes, indicating that the community supports the suggestion.</p> 
 <p>Furthermore, if the proposal is passed entities like crypto exchange Binance can start burning USTC due to no <a rel="noopener noreferrer nofollow" title="minting" href="https://thebittimes.com/tag/minting.html">minting</a> and re<a rel="noopener noreferrer nofollow" title="minting" href="https://thebittimes.com/tag/minting.html">minting</a>. The community is planning to ask Binance to burn USTC, but the trading volumes are lower.</p>  
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 <p>Meanwhile, the L1 Terra Classic Task Force (L1TF) prepares for v2.2.1 core upgrade to bring significant change to the Terra Classic chain.</p>  
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 <p><strong>Read More: </strong>Terra Luna Classic Proposal To Revive USTC And LUNC To $1</p> 
 <h2 id="lunc-and-ustc-prices-remain-under-pressure">LUNC and USTC Prices Remain Under Pressure</h2> 
 <p>Terra Luna Classic and USTC prices continue to move sideways, lacking upside momentum as trading volume remains low.</p> 
 <p>LUNC price jumped 0.63% in the last 24 hours, trading near the $0.000060 level. The 24-hour low and high are $0.0000601 and $0.0000616, respectively. Moreover, trading volume has increased 40% in the past 24 hours.</p> 
 <p>Meanwhile, USTC price trades at $0.012, up 1% in the last 24 hours. However, the trading volume has decreased slightly in the past 24 hours, indicating a lack of interest from traders.</p> 
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  <li>Crypto Exchange Thodex CEO Sentenced To 11,196 Years In Prison</li> 
  <li>XRP Community Backs LBRY As It Decides To Appeal Against US SEC</li> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/terra-luna-classic-proposes-to-stop-ustc-minting-and-reminting-tbt62047.html">https://thebittimes.com/terra-luna-classic-proposes-to-stop-ustc-minting-and-reminting-tbt62047.html</a></p>

Terra Luna Classic Proposes To Stop USTC Minting And Reminting

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