The crypto market is seeing major developments this week, with regulation, institutional interest, and political influence reshaping the landscape. While Bitcoin hovers around $107,000 and stablecoins gain more attention from Wall Street and governments, one lesser-known player is quietly positioning itself for relevance: TerraClassicUSD (USTC), the native stablecoin of the Luna Classic blockchain.
U.S. and EU Push for Stablecoin Regulation
In the U.S., the Senate is preparing to pass the GENIUS Act, a new law aimed at regulating stablecoins. The bill has sparked debate due to a controversial clause that exempts the President and family from financial conflict rules—especially relevant now, as former President Donald Trump becomes more involved with crypto-related ventures, including a new ETF proposal.
At the same time, the European Union is rolling out MiCA, a regulatory framework that grants licenses to major crypto firms. This move is giving legitimacy to stablecoins as tools for cross-border payments and economic stability.
Wall Street Bets on Stablecoins
Circle, the company behind USDC, saw its stock price nearly double after a successful IPO. This shows increasing institutional interest in stablecoins as a core financial tool. With a $250 billion+ stablecoin market now under the spotlight, more investors are beginning to understand the importance of blockchain-based digital dollars.
Where USTC Fits In
While much of the attention goes to USDC and Tether, USTC is gaining renewed interest—especially after its recent price spike alongside Luna Classic (LUNC). On June 14, USTC jumped from $0.012 to $0.0151, a nearly 25% gain, despite global crypto markets turning red due to rising Middle East tensions.
This rally highlights USTC’s unique role: it’s not just another stablecoin—it is the native stable asset of the Terra Classic chain. As the ecosystem grows with new Layer 2 tokens, governance upgrades, and burn mechanisms, USTC could regain utility in payments, DeFi, and smart contracts.
Conclusion
As stablecoins take center stage in global finance, USTC has an opportunity to rise as a decentralized alternative, tightly connected to the Luna Classic community. With strong community backing, potential regulatory clarity, and renewed investor interest, USTC may find its place again in the next phase of crypto evolution.