$USTC A stable coin in a bearish momentum trading at 0.01148 with -0.78% decrease . LUNC and USTC

burns continue on the TERA classic chain, in burns that started in May 2022.

It was designed to maintain a peg to the US dollar through a mechanism involving LUNA (now LUNC). However, following the collapse of the Terra ecosystem in May 2022, the peg-maintenance mechanism was disabled, and USTC is now a freely traded digital asset. Its price is determined by market supply and demand, and it no longer functions as a stablecoin.