Terra Classic Faces Defining Moment as USTD Proposal #12192 Heads to Community Vote

The Terra Classic blockchain has entered a pivotal stage with Proposal #12192, officially titled “Signal Proposal – USTD – Decentralized & Fully Automated Yield-Bearing Stablecoin on Terra Classic Blockchain.” This governance proposal is now live for voting, giving the community a chance to shape the future of the network.

What is USTD?

USTD is a next-generation stablecoin built directly on the Terra Classic Layer 1 blockchain. Unlike previous iterations, USTD is designed as a fresh and fully collateralized stablecoin, pegged 1:1 to the US Dollar. Its collateral will come from fiat-backed stablecoins such as USDC and USDT, ensuring strong stability.

Beyond its peg mechanism, USTD introduces a unique feature: automated yield rewards. Holders will receive attractive returns through periodic airdrops, making USTD both a reliable stablecoin and an incentive-driven asset. An additional long-term vision tied to this project is the potential revitalization of USTC, Terra Classic’s original algorithmic stablecoin.

How Does Voting Work?

As a governance-driven blockchain, Terra Classic empowers its community to decide on proposals through validator voting. LUNC holders can either vote directly or rely on their chosen validators to cast votes on their behalf.

Orbit Wire Validator’s Position

At this stage, Orbit Wire Validator has not yet voted on Proposal #12192. Instead, we are waiting for input from our delegators before casting our final decision. This ensures that our vote reflects the collective voice of our community.

• If you are one of our delegators, you can share your opinion with us directly in our official group or privately with our admin.
  Group: Orbit Wire Telegram
  Admin: Contact Doncho MIOFF
• If you are not currently delegating with us, you can still join and participate by delegating here: Delegate with Orbit Wire Validator

Why Your Vote Matters

Every vote shapes the direction of Terra Classic’s future. With USTD positioned as a potentially transformative stablecoin, the community’s decision will determine whether Terra Classic embraces this new model of stability and yield generation.

Now is the time for all Terra Classic participants to make their voices heard.