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Terra Supporters Want to ‘Defy The Odds’ By Pumping the Now-Defunct Stablecoin USTC back to $1 Parity

 

It has been six months since Terra’s algorithmic stablecoin, UST (now USTC), was depegged against the U.S. Dollar. The price has remained depegged against the greenback since May 9, 20,22. The former stablecoin is currently being traded at $0.02 per unit. However, Terra Classic supporters believe that USTC could regain its value.

 

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