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)
III. Related Links
Block Explorer: https://finder.terra.money/
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 Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.
Find us on
Huobi Global reserves the right in its sole discretion to amend, revise or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets is risky. Please read our Risk Remindertext here.