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Search Results for: ustc

Terra Classic Tokens LUNC and USTC Surge Rapidly, What Sparked the Rally?

TerraClassicUSD (USTC) stablecoin has displayed a striking upswing, surging over 276% in the last 24 hours, triggering renewed optimism within the Terra Classic (LUNC) community and marking a significant moment for the digital asset. This unexpected rally follows a quiet pullback period, with both USTC and LUNC prices witnessing significant

November 27, 2023 2 mins read

Terra Luna Classic Community Approves Halting USTC Minting Proposal

By increasing the Tobin tax to 100%, the Terra Luna Classic community has voted to halt USTC minting. Several repeg USTC initiatives have been launched by the community and developers, all of which should help bring the Terra Luna Classic chain and LUNC token back on track. The previous 48

November 11, 2023 1 min read

Terra LUNA Classic Community Votes in Favor to Halt USTC Minting

The algorithmic stablecoin, earlier known as UST Terra Classic USD (USTC), has recently had its minting and reminting halted by the Terra LUNA Classic (LUNC) community. The de-pegging of the UST posed a difficult choice for the community of Terra Classic. A proposal to end the USTC-LUNA swapping mechanism was

September 24, 2023 1 min read

Binance to Support Terra (LUNA) Network Upgrade; LUNC and USTC Reacts!

Binance, the world’s largest crypto exchange, has announced its support for the Terra (LUNA) network upgrade. The Terra community has successfully passed the on-chain proposal for the Phoenix software upgrade v2.4, with a majority of votes in favor of the upgrade. As a result, the price of LUNA has witnessed

July 17, 2023 2 mins read

TerraUSD Classic (USTC) Witnesses 20% Surge in Price

The algorithmic stablecoin of the Terra Classic (LUNC) ecosystem, TerraUSD Classic (USTC), is on a meteoric rise today, demonstrating a tremendous upsurge of interest in the stablecoin. CMC reports a 24-hour increase in value of 20.18% for the stablecoin TerraUSD Classic, which now stands at $0.01803. The overnight purchasing momentum

July 16, 2023 2 mins read

Terra LUNC and USTC Witness Price Surge Post Key Proposals Approval

At press time, USTC was trading at $0.0284 and had risen 7.45% in the last 24 hours as per CMC. Meanwhile, LUNC has slowed its intraday gains. And was trading slightly higher in the past 24 hours at $0.0001653, up 2.45%. After dropping for three days in a row, LUNC

February 25, 2023 1 min read

Binance Airdrops Terra (LUNA) To LUNC & USTC Holders

As of Thursday, holders of Terra Classic (LUNC) and TerraClassicUSD (USTC) were distributed the second batch of Terra (LUNA) airdropped by the biggest cryptocurrency exchange in the world, Binance. The initial airdrop, which took place in May, is associated with Do Kwon’s “Terra Ecosystem Revival Plan 2,” which involves the

December 23, 2022 1 min read

Binance Adds TerraClassicUSD (USTC) as Borrowable Asset

Binance has not abandoned its support for the Terra Classic currencies. Over the past week, the price of USTC has increased by over 65%. Binance, the biggest cryptocurrency exchange in the world, has added TerraClassicUSD (USTC) as a borrowable asset to its Binance Loan service. Demonstrating its continued commitment to

October 13, 2022 2 mins read

Terra Classic USD (USTC) Skyrockets Over 40% In 24 Hours

USTC is currently trading around $0.04028, which has increased by nearly 29.52% in the last 7 days. USTC reached around $0.06432 in 30 days, near its 90-day high value. Terra Classic USD (USTC), the algorithmic stablecoin of the Terra payment platform, is witnessing a massive price surge in the global

October 10, 2022 1 min read

Terra Classic Revival Strategy to Reclaim the USTC Peg

To avoid further damage, TerraForm Labs deactivated the exchanges between LUNC and USTC. Burning 1.2% of tax will help the exchange to the first step toward making the asset deflationary. In a post Terra Classic community members Edward Kim and Alex Forshaw have revealed a rough roadmap of the community-driven

September 16, 2022 2 mins read