28-04-2023 12:30 via newsbtc.com

Terra Classic Recent Efforts Could Benefit LUNC’s Growth Potential

Terra Classic has been doing extensive clean-up work following the Terraport hack which shook the foundation of the ecosystem. This even led to the de-peg of the ecosystem’s stablecoin, USTC, leading to another catalyst for the bears to exploit. 
Despite this, Terra Classic is putting in the work to re-anchor USTC to the US dollar.Recently, a proposal hit the community which could potentially fix the stablecoin situation. Proposal 11487, titled USTC Incremental Repeg, Buybacks, Stakin
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