A new stablecoin project called USTD (UST protocol) planned on the Terra Classic chain has been shared by RedlineDrifter...

USTD is designed as a next-generation stablecoin built directly on Terra Classic L1. USTD has an additional long-term goal of reviving USTC, but it is designed as a completely new stablecoin...

USTD is designed as a stablecoin collateralized by $USDT and $USDC. USTD will also have staking options. They have considered utilizing AirDrops for staking rewards.

In the next 2 weeks, a detailed proposal regarding the implementation of the UST Protocol/USTD will be presented. If the proposal is accepted, we will conduct a more detailed review.

If you would like to reach more details about USTD, click the link below... 👇

https://t.co/So0QXCTYvg

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