@TheMoonHailey After the passage of the Clarity Act, the USTC can no longer be a stablecoin unless it's backed 1:1 (which is impossible). So what would be the purpose of rescuing LUNC if its main function was the algorithm with the USTC to maintain parity?
@OrbitWire_io After the passage of the Clarity Act, the USTC can no longer be a stablecoin unless it's backed 1:1 (which is impossible). So what would be the purpose of rescuing LUNC if its main function was the algorithm with the USTC to maintain parity?
@Greenpeace06_09 After the passage of the Clarity Act, the USTC can no longer be a stablecoin unless it's backed 1:1 (which is impossible). So what would be the purpose of rescuing LUNC if its main function was the algorithm with the USTC to maintain parity?
@Greenpeace06_09 After the passage of the Clarity Act, the USTC can no longer be a stablecoin unless it's backed 1:1 (which is impossible). So what would be the purpose of rescuing LUNC if its main function was the algorithm with the USTC to maintain parity?
@_Z3r0wTraders The inability of USTC (formerly UST, from Terra) to be considered a stablecoin under the Clarity Act (specifically the Clarity for Payment Stablecoins Act) is primarily due to its technical design and the strict requirements of this legislation.