What is USTC

I.  Project Introduction

Terra Classic USD (USTC) is the decentralized and algorithmic stablecoin of the Terra blockchain. Its value is pegged 1:1 to the US dollar through the minting/burning mechanism of LUNC tokens. To issue 1 Terra Classic USD, you need to burn 1 LUNC reserve asset and to burn 1 Terra Classic USD, a dollar worth of LUNC is minted. Terra achieves price stability by algorithmically adjusting its supply according to fluctuations in demand for its USTC.

II.  Token Information

2.1 Token Basic Information

Token Name: USTC

Tokens in Circulation: 9,497,360,307 (During listing)

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.