Will the USTD Proposal Pass on Terra Classic?
Proposal 12192, titled Signal Proposal — USTD Decentralized and Fully Automated Yield Bearing Stablecoin on Terra Classic Blockchain, is currently in the voting stage. The proposal seeks to introduce USTD as a decentralized, yield-bearing stablecoin for the Terra Classic network.
At this point, the proposal is not expected to pass. Turnout remains below quorum and the passing threshold has not been reached.
Status
At this point, the proposal is not expected to pass. Turnout remains below quorum and the passing threshold has not been reached.
Voting Results
- Yes: 23.90% (73.41B LUNC)
- No: 27.26% (83.74B LUNC)
- No with veto: 10.96% (33.68B LUNC)
- Abstain: 37.88% (116.37B LUNC)
Validator Participation
Only 18 of 110 validators have voted:
- Yes: 7
- No: 22
- Abstain: 2
Delegator Participation
- Yes: 151 (53.41%)
- No: 22 (7.20%)
- No with veto: 77 (38.88%)
- Abstain: 15 (0.51%)
Timeline
Voting opened on September 19, 2025 and will close on September 26, 2025. Without a significant increase in turnout and stronger support for yes votes, the proposal is unlikely to pass.
Conclusion
The USTD proposal has not reached quorum and currently faces more opposition than support. Unless participation shifts dramatically, Proposal 12192 is expected to fail.
