The Terra Classic community has reached a major milestone. Since May 13, 2022, a total of 5.19 billion USTC has been permanently burned, reducing the circulating supply to around 6 billion tokens.
This large-scale burn has removed nearly half of all USTC from circulation. The goal of these efforts is to create scarcity and restore market confidence after USTC’s collapse in 2022.
Despite the significant reduction in supply, USTC is still trading far below its original one dollar value. Experts note that continued burns, higher trading activity, and stronger utility will be needed to drive real recovery.
The Terra Classic community views this progress as an important step forward. If the burning process continues, USTC could become one of the most deflationary assets in the digital currency market.
