USTCUSDT
TerraClassicUSD/Tether·Spot·BINANCE
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About USTC
Terra Ecosystem
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TerraClassicUSD (USTC) is the rebranded version of the original TerraUSD (UST) stablecoin that operated on the Terra blockchain before its collapse in May 2022. Originally designed as an algorithmic stablecoin that maintained its peg to the US dollar through a mint-and-burn mechanism with LUNA tokens, USTC now operates on the Terra Classic blockchain without its original stabilizing mechanism. Following the Terra ecosystem collapse, USTC lost its peg and now trades as a volatile cryptocurrency. The token serves as a reminder of the ambitious but ultimately failed experiment in algorithmic stablecoin design.
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