Terra LUNA Classic Community Proposal to Halt USTC Minting Passed
The Terra LUNA Classic (LUNC) community has successfully passed a proposal to halt the minting and reminting of Terra Classic USD (USTC), the algorithmic stablecoin formerly known as UST. This decision comes in the wake of a tumultuous period for the Terra ecosystem, which witnessed a substantial decline in its total value, plummeting from $45 billion.