Crypto

Terra classic’s New Re-Peg Proposal, USTC Spike Double

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The Terra’s new chain Terra Classic (LUNC) developers are striving to regain the lost trust with their everyday new updates. Though the ride has been a difficult one since the crash of Terra (LUNA) in May, the community has not lost their hopes.

Now, the latest update comes with the release of TerraClassicUSD’s (USTC) re-peg proposal put forward by Terra Classic developer, Tobias Andersen or Zardar.

This news has pushed the TerraClassicUSD (USTC) by 23% in the last 24hrs and is trading at $0.03609 currently. This momentum has also increased the currency’s market cap by 22% and the trading volume by more than 800% over the span of 24hrs.

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