USTCTerraClassicUSD (USTC) Price

1. Project introduction

TerraClassicUSD(USTC) is a decentralized algorithmic stablecoin of the TerraClassic blockchain, Which tracks the price of USD currencies. Users can mint new USTC by burning LUNC.

USTC consists of the following major components working in conjunction:

(1)Yield-bearing: Terra has launched Anchor Protocol, which is a savings protocol offering stable yield on TerraClassic stablecoins including USTC.

(2) Cross-chain: USTC is currently available in several token standards including its native Terra Blockchain (CW-20), Ethereum (ERC-20) and BSC (BEP-20). Users can bridge tokens using the Terra Bridge.

2. Team introduction

Co-founder: Do Kwan

Co-founder: Daniel Shin

3. Investment institution

Galaxy Digital, Hashed, Coinbase Venture