Terra Classic community believes that if Binance burns 50% of the USTC fee, it will help them effectively repeg the USTC stablecoin.
Another proposal seeks to impose restrictions on USTC minting, subject to community approval.
The Terra Classic community is considering a proposal that would mandate crypto exchange Binance to burn a portion of its USTC trading fees. This development comes in addition to the Terra Classic Community introducing other measures such as re-pegging the USTC stablecoin.
Following the well-documented Terra collapse in May 2022, members of the community have been actively exploring avenues to recover their investments. Besides, they are also working on potentially facilitating the revival of the project’s once-prominent position in the cryptocurrency sphere.
Two fresh proposals have emerged on the Terra Classic governance forum as the latest endeavors in this ongoing quest.
One of these proposals, coded as #11785, aims to introduce new strategies aimed at rest

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