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$USTC gains over 14% as 800M USTC Burn Proposal officially Passes
$USTC, a decentralized algorithmic stablecoin of the TerraClassic blockchain, is up over 14% in the past 24hours, & now trades around $0.036773, with inflow of $20.83M, as per gate.io chart.
This comes amid the awsome announcement that the Terra Luna Classic proposal to burn 800 million $USTC through Contract Migration, has recently been passed by the community. The latest development enables the community to proceed with the burning of 800 million $USTC worth nearly $32 million from the Risk Harbor multisig wallet.