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Terra Classic (LUNC) and USTC Record Double-Digit Gains as USTC Re-peg Proposal Passes

The proposer, Duncan Day, will dialogue with the Terra Classic Joint Layer 1 (L1) Task Force on how to execute the numerous action plans outlined in the Signal proposal to re-peg USTC, a Twitter update from Wu Blockchain disclosed.

According to the Friday tweet, the TerraClassicUSD (USTC) re-peg proposal (Prop 11324), authored by the Onyx Validator manager Duncan Day, passed governance voting a couple of hours ago. 

Consequently, the Terra Classic community demonstrated a high level of excitement as the end goal of the proposal is to recover the value lost after USTC de-pegged in May.

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