Terra Classic community recently concluded the voting process for a proposal that helps determine the future of Terra Classic USD (USTC) tokens. With
Terra Classic community votes in favor of a proposal to end the minting and reminting of USTC tokens.LUNC prints 6% gain for holders over the past week.
With 59% of the community’s voters in favor of the proposal, USTC minting and reminting will be done only with the permission of the community. This sets the foundation for reestablishing USTC peg.Nearly a year after the collapse of theLUNA tokens, the community of Terra Classic LUNC has voted on a proposal to take charge of the minting and reminting of the stablecoin USTC.
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