USTC News: USTC Increases 137% After This Strategic Investment

In an unusual initiative to strengthen its repegging operations, the algorithmic stablecoin TerraClassicUSD (USTC) has surged by over 137%.

The price of TerraClassicUSD (USTC) is soaring today as it makes a strong and dramatic attempt to eliminate one zero, which is a surprising development.

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Motives Behind USTC Breakout

After an algorithmic stablecoin surge of up to 137.20% in the previous 24 hours, market data shows that USTC is currently trading at $0.03568, as of writing. Despite a token’s lackluster performance over the last week, it has recovered some of its losses and increased its winnings to 170% over the past week.

An X user going by the name of Trader QT—an Official Partner of Luna Classic Labs—shared the update that caused the growth. As part of its Treasury Reserve Policy, Terra Classic Labs reportedly paid $0.021 per USTC to acquire 25.6 million USTC, which is equivalent to approximately $500,000, as he revealed.

In May 2022, the USTC stablecoin was de-pegged from its intended $1 peg and is now trying to regain its price using an alternative mechanism. It is possible that this long-term objective and the stablecoin will be strengthened by Terra Classic Labs’ most recent acquisition.

The precise goals of Terra Classic Labs are crystal clear, and there is an apparent benefit advantage, since they are a crucial outfit assisting to restore the tarnished reputation of the Terra Classic brand. When USTC lost its peg, it became an investment asset that users could utilize to grow their holdings.

Terra Classic Labs’ investment has been boosted by 76.6% from the token’s current price of $0.0371, with an average buy price marked at $0.021.

Possibility of LUNC Price Rub-off?

Given the interconnected nature of USTC and its sister token Terra Classic (LUNC), the current upswing in USTC could potentially spark a renaissance in Terra Classic (LUNC).

Coin prices for LUNC have risen 26% to $0.00009825 as of this writing, reflecting the good vibes that have spread. This huge upswing cancels out its losses from the previous week and puts it in a position to retest previous price levels as the month comes to a close.

In sum, the continuous rally highlights the united front of the USTC and LUNC communities in their pursuit of increased asset value via improvements, burning, and other means, demonstrating the strength of the community as a whole.

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