USTC’s $1 Repeg: How Will Terra Luna Classic’s Trick Work?

The community-driven chain restoration efforts took a whole nother level when Ceramics dApp developers introduced a plan to re-peg the malfunctioning USTC stablecoin. According to one of the devs, the plan will start with a 100-day conversion window from Terra Classic USD (USTC) to USTR, the new stablecoin by Ceramics team that’s designed to help with USTC’s $1 re-peg. LUNC Community Readies For USTC Re-Peg Campaign Namely, the centerpiece of this USTC rescue plan is the Collateral Market Maker (CMM), designed to assist in the deflationary mechanism. Besides, the collateral levels of the CMM directly correlate with UST1’s minting,

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