Over the past 24 hours, a significant volume of USTC coins have been burned on the Terra Classic blockchain, reaching a total of 97,876 coins destroyed.

USTC Repeg Debate Intensifies

🔔 The topic of repeg is at the heart of discussions regarding the USTC. Currently, the goal is to bring the USTC back to a parity of $1, but several suggestions are under discussion. Some proposals aim to temporarily fix the USTC at $0.01 or $0.02, with a gradual increase towards the final target of $1.

⚠ Implications for futures contracts

In such a scenario, USTC futures contracts could be closed, emphasizing that their current activity serves a specific purpose.

Next steps

If a proposal on this topic is put to a vote on the Terra Classic channel, the TerraHaberTR and GoldenRush groups have announced that they will vote "YES". A similar suggestion has already been put forward by Vegas.

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