TerraClassicUSD
web3VerifiedTerraClassicUSD (USTC) was originally launched as an algorithmic stablecoin within the Terra ec...
Stage
Series A
Funding
Undisclosed
Team
0
0.0Mission ScoreFixed 0-100 scale
About
TerraClassicUSD (USTC) was originally launched as an algorithmic stablecoin within the Terra ecosystem, designed to maintain a peg to the US dollar through an automated market-Module mechanism with LUNA (now LUNC). However, following the collapse of the Terra ecosystem in May 2022, the core stabilizing mechanism was disabled, and USTC lost its peg to the US dollar. Since then, USTC has been a freely traded digital asset, with its price determined purely by market supply and demand.
Expert Insight
Verified Series A project.
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