Terra Classic
Terra Classic is the community-maintained continuation of the original Terra blockchain after the 2022 Terra ecosystem collapse and Terra 2.0 fork. The original Terra protocol used algorithmic stablecoins, including UST, which was later renamed USTC on Terra Classic.
StageDAO
Websiteterra-classic.io ↗
Products
Overview
Terra Classic is the community-maintained continuation of the original Terra blockchain after the 2022 Terra ecosystem collapse and Terra 2.0 fork. The original Terra protocol used algorithmic stablecoins, including UST, which was later renamed USTC on Terra Classic.
Products
Stablecoins issued by this entity: USTC.
Recent Activity
- 2024-09MilestoneTerraform Labs approved for bankruptcy wind-down after its SEC settlement
- 2023-02MilestoneSEC charged Terraform Labs and Do Kwon with fraud involving TerraUSD
- 2022-05-09DepegLoss of confidence and a run on the algorithmic UST-LUNA stabilization mechanism, followed by failed emergency reserve-defense operations
- 2022-05MilestoneUST (later USTC) depegged and the Terra ecosystem collapsed