Terra Classic ($LUNC) Community Considers Proposal to Stabilize $USTC with a New Mechanism

In an effort to re-peg TerraClassicUSD (USTC) to the dollar, the Terra Classic (LUNC) community is once again mulling over a new proposal, submitted by an individual known as Redline Drifter. The proposal involved a mechanism that includes divergence fees on USTC trades that deviate from the peg. These collected fees would, according to proposal