The proposal by the developer of Terra (LUNA) for TerraClassicUSD (USTC) to regain its stability brought about 40% increase in price.
Before the collapse $40 billion market cap Terra’s native stablecoin UST, after conversion USTC was named. Posting from his Medium account on October 9, Terra developer Tobias Andersen’s remake of USTC 1:1 fixation to the dollar After publishing his proposal, the cryptocurrency started to rise.
In addition to existing burn mechanisms and staking rewards, Andersen proposes split pools He added that new features will be added, such as The developer aims to price USTC up again by reducing the volatility experienced in the cryptocurrency. The split pools feature in the proposal will allow new tokens to be generated using the network.
Many reviewers recommend it’s not clear Upon his specification, the developer further detailed information soon announced to share.
Also, responding to a Twitter user, Andersen said that his previous form of “pinning” “LUNC generation mechanism” Said they won’t be using it anymore.
In the last 24 hours at the time of writing to 38% living up close and from $0.041 for the traded crypto money to regain its stability again. to 24 times it has to come out.