ChainCatcher message, NJS stated, please stop minting. After listening to community feedback and discussing with Injective, all funds will be refunded. A free and fair minting program will be relaunched later, please wait for the announcement for more details.

ChainCatcher news, according to The Block, the Terra Classic (LUNC) community voted to stop all minting of Terra Classic USD (USTC), which was originally named UST. The proposal passed with a 59% approval rate and aims to protect "the community and external investors that are destroying USTC to help restore the peg."According to data from LUNC Metrics, the community has only destroyed 75 billion tokens so far, which is about 1% of nearly 6 trillion circulating tokens. USTC is currently priced at $0.012.