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Showing USTC News
USTC, formerly TerraUSD, is a decentralized stablecoin on Terra Classic. Designed to stabilize at 1 USD, minting USTC requires burning LUNC. Post-depeg May 2022, Terra moved to Terra 2.0, abandoning algorithmic stablecoins. The stability of USTC relies on arbitrage, where users utilize price differences for profit, affecting the supply of USTC and LUNC. To get the latest information and in-depth analysis on USTC and other related aspects, don't miss to visit this page regularly. We are committed to providing the latest updates and useful insights to help you understand the market dynamics and its effect on USTC.
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