{"id":7162,"date":"2023-11-27T08:17:21","date_gmt":"2023-11-27T08:17:21","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=7162"},"modified":"2023-11-27T11:02:17","modified_gmt":"2023-11-27T11:02:17","slug":"why-did-ustc-rise-will-the-rise-continue","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/why-did-ustc-rise-will-the-rise-continue\/","title":{"rendered":"Why Did USTC Rise? Will the Rise Continue?"},"content":{"rendered":"

USTC<\/strong>, due to its increase, brought a new movement to the crypto world. In the last 24 hours, the value of the algorithmic stablecoin USTC<\/strong> increased by 137.20%<\/strong>, which raises the token’s price to $0.03568. The token’s growth was stagnant for most of the past week, but it has now recovered its losses and managed to increase its earnings to 170% in the last seven days.<\/p>\n

This rise was triggered by an update shared by Trader QT<\/strong>, known as X user and the Official Partner of Luna Classic Labs<\/strong>. According to this update, Terra Classic Labs, under the Treasury Reserve Policy, have bought a total of 25.6 million USTC. This transaction was made at an average of $0.021, totaling the cost to $500,000.<\/p>\n

You might like: Binance Futures Announces It Will List USTC!<\/strong><\/em><\/a><\/p><\/blockquote>\n

After losing its target of 1 dollar stable in May 2022, USTC<\/strong> decided to use a different recovery model to revive its value. Terra<\/strong> Classic<\/strong> Labs<\/strong> by making this purchase, could have provided significant support for the stablecoin.<\/p>\n

Terra Classic Labs, in addition to helping rebalance the Terra Classic brand, sees USTC<\/strong> as a stabilized liquidity source and plans to largely benefit from its return. USTC, after losing its stable status, has now become a mechanism where users can increase their assets as an investment asset.<\/p>\n

When the average purchase price of the investment made by Terra Classic Labs’, $0.021, is exceeded, it can be seen that this rate has increased by 76.6%. So, Terra Classic Labs can see how quickly it gets the return on its investment.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

USTC, due to its increase, brought a new movement to the crypto world. In the last 24 hours, the value of the algorithmic stablecoin USTC increased by 137.20%, which raises the token’s price to $0.03568. The token’s growth was stagnant for most of the past week, but it has now recovered its losses and managed<\/p>\n","protected":false},"author":1,"featured_media":7161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[2563,2564,1412,2567,1380,2565,1631,2566,1417],"class_list":["post-7162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-classic","tag-labs","tag-luna-terra-classic","tag-qt","tag-terra","tag-terra-classic-labs","tag-trader","tag-trader-qt","tag-ustc"],"yoast_head":"\nWhy Did USTC Rise? 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