Will USTC Recover? Terra Classic Community Discontinues Minting, Votes To Burn

Benzinga ·  09/25 23:10

TerraUSD Classic's (CRYPTO: UST) minting will cease after a community vote on the stablecoin's governance forum. This led to a 59% vote of approval to stop all USTC mining, while 40% opposed it. The community's proposal also ends all conversion of xUST to mint USTC. Find out more about what minting coins mean to the crypto industry. Meet and engage with transformative Digital Asset and Crypto business leaders and investors at Benzinga's exclusive event — Future of Digital Assets. Tickets are flying — get yours! In the past year, the UST price eroded 64.1% in value as per CoinGecko data.

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