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$USTC spikes over 35% with Latest Proposal for deep stablecoin, Cosmos token liquidity on Terra
$USTC, the decentralized & algorithmic stablecoin of the Terra Classic blockchain, is up over 35% in the past 24hours, & now trades around $0.036593, with inflow of $11.38M, as per Gate.io chart.
This follows the report that Terraform Lab (TFL) will collaborate with Astroport contributors to create a stableswap USDC-USDT pool & an ATOM-LUNA PCL pool. The move is in line with the proposal to have the deepest stablecoin liquidity in Cosmos, becoming the only ecosystem that has “defi-sufficient” liquidity for both Cosmos and non-Cosmos blue-chip assets.