USTC ‘Stablecoin’ Soared 40% Post a Terra Classic Repeg Proposal

TerraClassic USD (USTC) has soared by nearly 40%. The coin is valued at $0.059 at the time of publishing, but still far from its $1 peg. The fully diluted market cap of USTC is at $561 million, with a 24-hour trading volume of $355 million. A possible reason behind the surge in price could be a proposal to repeg USTC…
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