We strongly believe that a USTC pegging to approximately 1 cent could help achieve this.
A 1 cent USTC peg would enable TerraClassic (LUNC) to have a reliable on-chain store of value. This means traders could operate against a consistent US dollar-based value, increasing trading opportunities and liquidity.
This peg would also exist within a decentralized blockchain ecosystem, which in most legal jurisdictions is kept at arm’s length from regulation to promote ingenuity, innovation, and open financial systems.
Being a decentralized chain, TerraClassic allows for secure, low-cost, KYC-free capital transfers — delivering one of the core aspirations of cryptocurrency: borderless, unregulated, jurisdiction-neutral, and secure transactions. This empowers individuals and organizations to maintain full control over their wealth and financial future without excessive fees from traditional banks, restrictions based on location, or exposure to the single points of failure often found in centralized systems.
Legal compliance with jurisdictions would still apply should capital or money transfer to centralized exchanges (CEXs), as per local legal and tax requirements. However, while operating in the decentralized proof-of-stake environment, funds would remain largely exempt from such regulations. This is possible because the majority of security-conscious validators remain anonymous, ensuring safety is maintained through code and decentralization rather than centralized control. Anonymity also reduces the risk of validator owners being tracked, attacked, exploited, or victimized.
We believe restoring TerraClassic’s original concept with an on-chain store of value — potentially multiple stores — using dozens of low-volatility coins that track multiple currencies and enable foreign exchange (Forex) trading will be a unique service offering for the TerraClassic network. This approach could create massive opportunities for individuals and organizations to move funds globally, maximize self-custody, and generate significant trading volume for TerraClassic, thereby increasing burns and driving LUNC deflation.
While some still wish for USTC to return to $1, validators have already agreed that USTC should not currently be classified as a stablecoin, but rather a speculative token. Those hoping for an immediate $1 repeg have had over three years to act, yet no viable or deliverable plan has emerged. We believe this period was more than sufficient for the “repeg lobby” to prove its case.
It is now time to move forward — to redefine TerraClassic’s unique selling point, reignite the chain’s innovative potential, and create new global opportunities for individuals and businesses. This will restore the possibility of generating life-changing wealth through TerraClassic and owning LUNC.