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Possible return of $USTC Parity
$USTC
The possibility of TerraClassicUSD (USTC) returning to 1:1 parity with the US Dollar is a complex topic and involves several considerations:
Background and Context: USTC, originally TerraUSD (UST), lost its peg in May 2022 due to a number of factors, including lack of investor confidence, excessive issuance of LUNA (now LUNC) tokens to try to maintain peg, and a liquidity crisis. Currently, USTC is trading at a fraction of the value of the dollar, with prices around $0.01-$0.02.
The possibility of TerraClassicUSD (USTC) returning to 1:1 parity with the US Dollar is a complex topic and involves several considerations:
Background and Context: USTC, originally TerraUSD (UST), lost its peg in May 2022 due to a number of factors, including lack of investor confidence, excessive issuance of LUNA (now LUNC) tokens to try to maintain peg, and a liquidity crisis. Currently, USTC is trading at a fraction of the value of the dollar, with prices around $0.01-$0.02.
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