$USTC : From Stablecoin Dream to Crypto Cautionary Tale

Price: $0.01245 | Change: -4.3%

Once pegged to the dollar.

Now pegged in history.

Invented by visionary minds Do Kwon & Daniel Shin, $USTC (formerly $UST) was the heart of the Terra ecosystem — a bold experiment in algorithmic stability.

Timeline of a Titan:

2018: Terra is born — a new vision for DeFi.

2019: Mainnet launches.

2020: $UST goes live, backed by a mint-burn dance with $LUNA.

2022: The infamous depeg. Billions vanished. The crypto world held its breath.

What was once the poster child of stable innovation became the lesson of a lifetime.

Rebranded as $USTC, it now floats without a peg — a classic in name, a relic in function.

Key Takeaways:

$USTC = former $UST

No longer a stablecoin

A critical chapter in crypto’s evolution

Love it or learn from it — remains a symbol of ambition, risk, and revolution.

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