Ceramics developers are continuing their work to bring USTC Repeg Plan back to its original $1 price. But this plan also includes a new token.
A new buy back and burn strategy has been developed for Terra Luna Classic, which plans to gradually burn LUNC tokens over the next 10 years. Leonardo, a well-known developer in the Terra Classic community, says that this system will work when USTC comes back to $1. If this happens, the market value of USTC could reach at least 1 billion today.
This plan is similar to Leonardo’s Ceramics Repeg, which was earlier expected to launch in the first part of 2025 but was delayed due to lack of support on the Layer-1 chain.
Ceramics Repeg is working on two things:
- USTC and USTR.
- Its aim is to take USTC back to $1.
For this, they will use such assets that can earn profit.
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USTC Back To Original $1 Peg?
Now the plan to bring USTC back to 1 dollar has been kept for the last part of 2025. Ceramic’s official GitHub states that they are working on this project, but the exact method has not been told to the public yet.
This re-peg plan depends a lot on converting USTC into USTR. The developer also told that this decision was not his own choice, it means he had to take it out of compulsion.
Ceramic developers have shared their entire re-peg plan on platform X. They say that their team is mostly liberal and mostly from scientific background. In the whitepaper, their focus is on social science.
In the latest update, the developers explained that the Terra Luna Classic chain should coordinate some important projects of the ecosystem like Juris and Selenium. This will set the correct interest rate for USTC Repeg Plan post-swap.
When USTC Repeg Plan is finally stable again, it will be renamed back to UST and will be used as a standard unit in the Cosmos ecosystem.
On The Flipside
Conflict among the LUNC community may be the reason why the project to bring USTC back to $1 may be delayed until next year.
After the collapse of TerraForm Labs in 2022, the number of people using the Layer 1 chain has decreased significantly.
Why This Matters
By working together with the whole community, some important parts of the Terra Classic chain have been restored, such as the new version of the LUNC portal.
But if its impact is to be seen on the price of LUNC, then both people’s interest and trading volume must remain equal.
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People Also Ask:
What is the USTC $1 Repeg Hype?
Terra Luna Classic wants to get its stablecoin USTC back to $1. After the 2022 crash, USTC was down to just 2 cents. Now the community is putting in a lot of effort coins are being burned and upgrades are coming. But that’s a tough job because everything was already ruined.
What’s the plan?
They are burning thousands of crores of USTC and LUNC and launching new upgrades like v3.3.0 to make the chain better. Also, a reward of 1 million dollars has been kept so that good developers come and fix the peg. But if people’s trust is not returned, then everything can become useless.
Why is it a difficult path?
Crash of 2022 happened due to a wrong system and people selling too much. Due to this, USTC’s $1 peg was broken and LUNC’s value fell. Token supply also became very high and people’s trust was broken. There is also pressure of rules and laws from above, which makes everything more difficult.
Can the price of USTC and LUNC increase?
Due to burning, the price went up a bit for a few days, just like USTC Repeg Plan increased by 40% in a month. But experts say that unless there is a strong use case and the demand is not high, it is difficult to reach $1. For now, it is all about risk.
Where will you get the full updates?
VibeOfCrypto gives new updates daily about LUNC and USTC. You can go there and watch the full comeback journey of Terra Classic
