$USTC Price Goes Up by 29.16% Over Last 24 Hours

According to TokenInsight data, the TerraClassicUSD ($USTC) price went up by 29.16% over the last 24 hours, trading at $0.0312 now.

Previously, the Terra community has approved the proposal to re-peg $USTC to $1 with a 78.64% approval rate. The proposal states that the team will upgrade the Terra ($USTC, etc.) token algorithm using code additions from the Exchange Rate Modifier (ERM).