issuance of the USTC stablecoin blocked
Tech issuance of the USTC stablecoin blocked 1 menit yang lalu Berita Bitcoin Ethereum Following a decisive vote within the Terra Luna community, an initiative to stop the creation of the stablecoin formerly known as “terra usd” (commonly known as UST or USTC) was approved. Despite 40.56% opposition, 59.42% of votes gave the green light for the software update. Terra/Luna ecosystem votes to discontinue USTC stablecoin minting: community looks to future Re-Peg In a decisive move within the Terra Classic community, the proposal to discontinue the minting of the Terra USD coin (USTC), commonly known as UST or USTC, was approved. With 59.42% of votes in favor and 40.56% against, this software update paves the way for a significant change in the cryptocurrency landscape. The blocking of the minting of USTC On 24 September 2023, at 1 PM Eastern Time, the value of a single USTC is $0.0127. This figure marks a remarkable 4% increase in value in a single day. However, to truly understand the significance of this move, we need to go back to 9 May 2022, when the Terra ecosystem experienced a pivotal moment. Before that date, the USTC had firmly maintained its peg to the US dollar, staying valiantly at $1 per unit for a long time. However,









