$USTC price increased by 29.16% in the past 24 hours

According to TokenInsight data, the price of TerraClassicUSD ($USTC) has increased by 29.16% in the past 24 hours and is currently priced at $0.0312.

Previously, the Terra community passed a proposal to re-anchor $USTC to $1 with a 78.64% approval rate. The proposal stated that the team will use the code addition of the exchange rate modifier (ERM) to upgrade the Terra ($USTC, etc.) token algorithm.