terraclassic

ChainCatcher news, the Terra Classic community proposal 11324 "Re-peg LUNC to USTC" has been approved. This proposal outlines an actionable framework for the LUNC community to rebind USTC from the code level, consensus level, and guidelines.It is reported that this proposal is a signaling proposal, and the specific actionable plan will be executed through the Terra Community Trust 23 guidelines, with the ultimate goal of restoring the value lost during the "de-pegging" event in May 2022, while simplifying the burning process of LUNC.According to CoinMarketCap data, as of the time of writing, the price of USTC has surpassed $0.03, with a 24h increase of over 30%. Terra Classic (LUNC) has surpassed $0.0002, with a 24-hour increase of 17.5%. (source link)

Chain Catcher news, Terra Classic (LUNC) core developer Edward Kim proposed to remove the stablecoin trading module of Terraswap. Previously, the Terra Classic ecosystem had stablecoins pegged to 23 fiat currencies. Due to the collapse of the Terra ecosystem, although trading between LUNC and these stablecoins has been disabled, trading among these Terra stablecoins can still occur through their "Terra-to-Terra" module. (Source link)