What Could the Future Hold for Terra Classic (LUNC) if TerraUSD Classic (USTC) Were Destroyed?
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The Terra blockchain and its native tokens, Terra Classic (LUNC) and TerraUSD Classic (USTC), faced unprecedented challenges after the collapse of USTC in 2022. Since then, the Terra community has been actively seeking ways to rebuild and improve the ecosystem, and one proposal that has sparked interest is the potential destruction of USTC. But what might this mean for LUNC, and could it help secure a brighter future for the Terra Classic blockchain? Here’s a closer look at the potential outcomes and impacts.
1. Increased Stability for LUNC
The original purpose of USTC was to serve as a stablecoin pegged to the US dollar, which in turn was meant to stabilize the value of LUNC. However, after USTC lost its peg, the Terra ecosystem was thrown into turmoil, and confidence in both tokens waned. By eliminating
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