Can Terra Classic's New Proposals Save USTC? Here's Everything You Should Know

Coinpedia
Coinpedia

19 Sep 2023 11:13 AM

Following the unsettling collapse of Terra in May 2022, the Terra Classic community is debating a new proposal aimed at restoring stability to its...

  • The Terra Classic community is discussing proposals to restore stability to the USTC stablecoin.
  • Proposal #11785 suggests that Binance should burn 50% of its USTC trading fees.
  • Proposal #11786 aims to limit the minting of USTC to prevent unwarranted expansion.
  • These proposals have generated mixed opinions within the community.
  • The community hopes that these proposals will bring stability and vitality to the Terra Classic ecosystem.

The article highlights the ongoing debate within the Terra Classic community regarding proposals to restore stability to the USTC stablecoin. The sentiment within the community is mixed, with varying opinions on the effectiveness of the proposed solutions. However, there is a sense of resilience and hope that these proposals can bring stability and vitality to the Terra Classic ecosystem.

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You May Ask

What are the two proposals being debated in the Terra Classic community?What is the objective of Proposal #11785?How does Proposal #11786 aim to address the stability of USTC?What are the sentiments within the community regarding these proposals?What is the current trading value of USTC and its intended peg to the US dollar?

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