USTC is Terra's Face!

[wz_0]

Making it a stablecoin again is an imperative.

[Proposal] Terra team buys back USTC and makes it repeg

Summary Given the current low price of $ustc, the Terra team can deploy money from all possible sources including Luna 2.0 community pool or addional investors to buy back $usdc and make it repeg to $1 starting May 28. Motivation The repeg of $usdt will make all ust holders whole and all the problems go away. More important, the Terra team restores its reputation and make a history comeback. When the plan is announced, the price of $ustc will rise. Whenever there is a dip, the terra team buy…

[Steven_Lam]

Totally agree with this proposal. This will indeed make UST believers and holders “whole” again but suggestion here is instead of using algorithmic UST, why not change it to at least partial collateralized and this would also bring up the value of the 1 billion plus USTC LFG is holding. Win-Win

[Dualux3]

I have $1000 in UST on anchor in the avalanche chain… am I able to do anything with this?
Because My UST was on the Avalanche blockchain I don’t believe I am eligible for the TERRA 2.0 airdrop?
Really not sure what to do with my investment here.
Anyone in the same boat as me right now?!

[John_Harris]

100%

Needs to be done during a market sell off to avoid traders jumping in for the ride.

That said, it also needs be done quick smart (one big OTC order). This way everyone will be caught off-guard